Here is some stuff from Upstream Online article dated yesterday:
(Posted By 2IRAS)
BRITISH Virgin Islands-registered Adamantine Energy has kicked off a 14,500-kilometre full tensor gravity (FTG) survey of Block-11B in Kenya’s deep interior abutting the South Sudan border with results expected next month.
Contractor Bell Geospace will sweep the acreage, which spans 14,200 square kilometres ranged across the Loeli, Lotikipi, Gatome and South Gatome basins, all on trend with the Lokichar basin further south, where Tullow Oil and Africa Oil have made significant discoveries. Adamantine chief executive Chris Matchette-Downes said his analysis of existing gravity, magnetics and seismic data indicate a similar morphology to Lokichar, together...with petroleum plays analogous with the Ngamia-1 and Twiga South finds, and anticipates a similar hydrocarbon charge. Adamantine last year farmed out 50% equity...funding. Meanwhile, Bell Geospace will follow Adamantine’s survey with a similar sweep for neighbouring operator ERHC Energy, a Nigerian-run Houston explorer that holds 100% of contiguous Block-11A — a cheaper, joint survey had been mooted but failed to gain traction. ERHC hopes to complete its own FTG
to AIM-listed Bowleven in return for $10 million worth of exploration funding including a yet-to-be-determined volume of 2D seismic. Bowleven has since farmed out a 30% stake in its new ventures subsidiary to private UK outfit First Oil. Bowleven and First Oil have agreed to co-operate in seeking early entry exploration opportunities across the East African Rift System with First Oil contributing $3.6 million towards Bowleven’s share of new investment
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