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Friday, January 10, 2014
Heritage Oil reports that its initial interpretation of the 2D seismic data acquired during Q1 2013 across the Rukwa License in Tanzania has been completed. The results indicate that the principal prospectivity lies in the Rukwa South License area and as such the company relinquished the Rukwa North License.
Heritage said that the focused interpretation over the retained Rukwa South License area has resulted in the identification of several prospects, geologically analogous to the Kingfisher discovery in Uganda, for which detailed prospect mapping and evaluation is ongoing.
A geochemical survey of the Kyela License has been completed and interpretation of the data is proceeding on schedule with results due Q1 2014. Infill seismic acquisition, designed to increase the density of the seismic grid to enable the mapping of potential prospects, is planned for the second half of 2014.
A drilling program across the two licenses is planned for 2014/2015.
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