FAR 2.91% 50.0¢ far limited

senegal drilling perhaps this year

  1. 202 Posts.
    Don't know why FAR doesn't say this.
    Worldwide Energy News - Article

    This article is extracted from International Oil Letter, Vol 24 issue 5, published 6 February 2008.

    To access the most up-to-date new articles, subscribe now or register for a free trial of Energy News On Demand or the International Oil Letter.
    Hunt firms up drilling plans on two offshore tracts - Senegal

    Preliminary interpretation of the 2,086 sq km 3D seismic data acquired by Hunt in March 2007 in the Sangomar Shallow and Sangomar Deep blocks has highlighted multiple plays including a giant Buried Hills (Albian) target. Mapped are multiple Santonian age fan systems with stacked amplitude anomalies and a very large Albian to Neocomian shelf edge closure. The Albian/Aptian section was previously believed to be made of clastic rocks, but seismic suggests it is a carbonate shelf with potential reef build-up. The company has plans for drilling on both blocks in 2008. Two drillable prospects have been identified from previous seismic data in the Sangomar Deep block, namely Palmarin and Djifere. The Palmarin Prospect lies about 110km from the coast in 2,150m of water, and the Djifere Prospect is located 90km from the coast in 1,250m of water. Current license interests are Hunt (60%), First Australian Resources (35%) and Petrosen (10%). Prior to the 3D survey, significant upside potential within the acreage was thought to exceed 1 billion barrels recoverable.
 
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