Petroleum Africa
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Monday, July 28, 2014
Frontier Resources International (FRI) provided an operational update on its activities in Namibia. Its Blocks 1717 and 1817, located in the Owambo Basin in northern Namibia, cover an area of approximately 18,933 sq km.
Frontier is operator with a 90% working interest while Namcor holds a 10% carried interest in the license.
The company has undertaken a study to evaluate the depth to magnetic basement of aeromagnetic data purchased from the Geological Survey of Namibia. Mapping of the depth to basement solutions show a deep basin with sediment thickness up to 10 km in the central and northern part of the license area, and shallow basement overprinted with near surface volcanic intrusives in the southern part of the license area.
FRI said that interpretation of the data has revealed several deep seated basement structures. The mapped positions of these structures will serve as a guide to optimally locate the focus areas of the continuing exploration program which will include an additional geochemical soil gas survey.
This will be integrated with the encouraging results of the survey acquired in 2013, followed by the acquisition of 2D seismic data.
Jack Keyes, Frontier’s CEO, said: “The results of this modeling helps to constrain the results obtained previously from existing aerogravity data while confirming the presence of a thick sedimentary cover across most of the license area.
“This new information improves our understanding of the geological evolution of the basin and should assist in our ongoing farm-out process to attract additional industry participation in the blocks.”
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