Seismic Acquisition Terrex Seismic was awarded the contract to...

Seismic Acquisition

Terrex Seismic was awarded the contract to acquire 82 km2 of 3D seismic data over the Surprise structure in EP115.
An additional 132km of 2D seismic data is planned to be acquired in the northern Pedirka Basin to evaluate the Pellinor lead that involves a Warburton Basin play associated with interpreted carbonate reefal facies.
Subject to receipt of final permitting clearances and other approvals, seismic acquisition is planned to commence in May/June 2012 and processing of the 3D is expected to be completed by September/October 2012

No drilling before that time !! and in reality we are looking at some time in 2013, IF WE CAN GET A RIG . Geeeeeeeeeeeeeeee .

Data Interpretation

The Company continued with interpretation of the seismic data acquired from its 2010/2011 seismic acquisition programmes as well as interpretation of reprocessed seismic of earlier vintage to firm up drillable prospects. It is anticipated that seismic data to be acquired in the next two months will be fully processed by September/October 2012, and detailed mapping and planning will follow.

Again no drilling before that time !! and in reality we are looking at some time in 2013, IF WE CAN GET A RIG . Geeeeeeeeeeeeeeee .