"Interpretation of this data is currently being undertaken by a geological and geophysical team in Calgary and should be completed during August at which time Africa Oil will be in a position to decide on drilling locations or, if necessary, further seismic acquisition on selected targets. Seismic and drilling companies throughout the region have already been approached to ascertain crew and drilling rig availability. It is the joint venture’s intention to commence seismic or drilling operations in the field in the last quarter of 2007."
Canmex/AOC have been interpreting the available data since they signed the mou.. It was a part of their DD to give them the confidence to sign the JV and now its being used to pinpoint drilling targets..
there is a caveat tho.. if available data its not sufficient they will be getting more seismic done = delay
else
drill identified targets in Q4 07
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
