bsqflg you state that "3D is more expensive than drilling".
You have been misinformed.
SWE are currently undertaking an approx acquire 200 line kms of 2D seismic on Pagani over the Mvungwe (approx. 200 sq. km) and Moshi (approx. 196 sq. km) basins. This programme has been specifically designed to delineate the basins and the extent of regional vulcanicity.
This 2D will be used to assist the interpretation and confirmation of the data obtained from the earlier obtained airborne gravity-magnetics survey.
Once correlation has been carried out they can concentrate on areas of interest (should there be any) which the 2D has identified. It would be fair to assume that 3D COULD CONSIDERED and it would be over a smaller area than the initial 2D because leads MAY have been identified.
If you know a company that can efficiently drill a wildcat exploration well for less cost of less than 200 line kms of 3D including interpretation and processing then I need your calling card.
SWE Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held
