InvestorsHub Logo
Followers 32
Posts 1884
Boards Moderated 0
Alias Born 02/28/2009

Re: None

Monday, 04/21/2014 12:20:26 PM

Monday, April 21, 2014 12:20:26 PM

Post# of 361412
Bowleven to start seismic testing in Kenya’s Block 11B
Samuel Kamau M. / March 31, 2014

Bowleven is to soon start the 2D seismic testing in Block 11B after announcing that the seismic tender process is in an advanced stage and the award was imminent.

The seismic follows the processed airborne geophysical survey highlights on several basins on the block that is in Turkana district and which is believed to be on trend with oil production to the north-west in Sudan in the Melut and Muglad basins and is north of recent oil discoveries in Kenya.


“We continue to focus on exploiting our exploration portfolio and look forward to seismic activity in Kenya and exploration drilling on Bomono in the coming period,” said Chief Executive of Bowleven plc Kevin Hart.

Block 11B encompasses an area covering the Loeli, Lotikipi, Gatome and South Gatome basins. These basins are a part of the geologically young East African Rift system to the north of the Lokichar Basin, where significant discoveries have recently been made (Ngamia, Twiga).

Meanwhile Bowleven has announced that it will be seeking a strategic partnership with First Oil to provide funding towards Kenya exploration activities.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ERHE News