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Wednesday, January 7, 2015
The JV of Otto Energy Ltd. and Swala Energy Ltd. saw the completion of a 2D seismic program over the Kilombero Basin in central Tanzania.
The JV has already identified the Kito prospect as a potential drilling target for 2015 and the new seismic data are currently being processed ahead of detailed interpretation that is aimed at mapping additional potential drilling targets for the forthcoming drilling campaign.
The JV will carry out basin modeling and seismic amplitude studies to help rank the prospect portfolio ahead of these planned drilling activities.
Matthew Allen, Otto’s CEO said: “The work program of the joint venture in the Kilosa-Kilombero license has been executed in line with the work program commitments to TPDC, in an area that had not previously seen any oil or gas exploration activity. We look forward to the results of the detailed mapping, basin modeling and seismic amplitude studies to support the final drill candidate selection.”
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