Kenya Exploration Continues for Pancontinental

It was reported by Pancontinental Oil & Gas that the Falcon AGG Airborne gravity data for Block L6 offshore Kenya has been integrated into the seismic data acquired by operator of the block, Gippsland Offshore Petroleum.

The 1,500 sq km of Falcon AGG Airborne gravity data acquired under a farm-in agreement by Gippsland verified a number of significant prospects from earlier work, as well as identified new opportunities for further exploration. The prospects are estimated to have significant speculative oil and gas reserves potential.

The partners recently received an extension on the block by the Kenyan government to allow time to integrate previous onshore seismic data, acquired in 2007. The joint venture has until the end of April to "set the gas development terms" in the new production sharing contract and present "a drillable prospect," according to reports.

Commenting on the recent violence in Kenya, Gippsland said that its program would continue on, "Lawlessness exists throughout the western part of the country and at present, Nairobi is stable and the coastal regions and north of the country have not been the subject of troubles."

On Pancontinental’s Blocks L8 and L9, operated by Origin Energy, it was reported that work is continuing over Q1. The partners said that a number of very large prospective structures have been identified for possible drilling.

Pancontinental holds a 25% stake in these blocks and will be carried through the drilling of two wells.