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Monday, December 15, 2014
Panoro Energy, one of the partners on the Dussafu Block Offshore, reported that the fully processed seismic data from the 2013 Outboard 3D survey is in. The seismic data was acquired in Q4 2013 and covers an area of 1,260 sq km.
Panoro said that this data, based on state of the art depth migration techniques, will now allow it and Harvest Natural Resources (operator) to finalize their geological interpretation in order to provide a definitive sizing and risking analysis of the pre-salt Gamba and Dentale leads and prospects, many of which have already been identified on the existing 2D data and on the interim 3D seismic products received to date.
A number of these prospects lie within the 850.5 sq km Exclusive Exploitation Area (EEA) which was awarded to the Dussafu JV partners in July 2014 and lie in relatively shallow water depths of around 120 meters (very similar to the existing Ruche Discoveries) and to which the Dussafu Joint Venture have exploitation rights for a period of up to 20 years. Other prospects lie outside the EEA area but within the Dussafu 3D PSC area which extends to a water depth of around 500 meters at the Dussafu Permit boundary.
Panoro’s COO, Nishant Dighe said, “I am pleased to report that we have now received the new 3D seismic. This is a major step forward towards unlocking the large exploration upside in the outboard part of the Dussafu Permit. We already have a good understanding that the geological model moving outboard of our Ruche discoveries favors larger prospect sizes, and we also believe there are a number prospects within short tie-back range of our Ruche cluster development. We are very enthusiastic about what we have seen to date and look forward to finalizing our interpretation of the data. More information will become available as our plans mature and we look forward to updating the markets in due course. The next months will be an exciting time for shareholders.”
Panoro Energy holds a 33.33% stake in the Dussafu Marin permit, offshore Gabon. The permit is operated by Harvest Dussafu, B.V. an affiliate of Harvest Natural Resources, Inc.
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