Mali Airborne Survey Complete

Wednesday, July 25, 2007

The airborne gravity survey conducted by Australia’s Baraka Petroleum over its five Blocks in the Taoudeni Basin region of Mali has been completed. The survey was part of the company’s second stage of its ongoing work program in Mali.  

The survey, which commenced in December 2006, was initially acquired on a 10 km spacing (consisting of approximately 24,800 line km). After reviewing the results of the first survey the Joint Venture partners extended the survey to infill the area on a 5 km spacing. It is expected that the interpretation of the data will be completed with in a month.

Baraka’s CEO Dr. Mark Fenton said: “The airborne gravity survey, together with the results of the previously completed magnetic and radiometric survey will assist the

company and its joint venture partners to upgrade several of the identified structural trends within the Taoudeni Basin. This additional information will play an important role in the planning of the seismic acquisition program scheduled to commence in October 2007. The five blocks within Mali are adjacent to Baraka’s two blocks in Mauritania where the company has recently commenced another airborne magnetic and gravity survey in joint venture with Woodside Petroleum Limited. On completion of the Mauritanian survey, expected to be November 2007, the company will have the most complete data coverage of any company operating within the highly prospective Taoudeni Basin.”

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