Tuesday, September 4, 2007
SOCO International in its 2007 interim results report, commented on its activities in
In the DRC the company said that it received Cabinet approval of its Production Sharing Contract on the 800 sq km Nganzi Block, but is waiting on the Presidential Decree for final approval. In August the company conducted a geochemical survey to evaluate the potential of several leads previously identified by an aeromagnetic and gravity survey. The results will be used to help lay out a 2D seismic grid. Seismic acquisition is scheduled to begin later this year.
In
The company said that an airborne gravity and magnetic survey was conducted over the block in June, processing was completed in August, and interpretation of the survey has begun. A contract for the acquisition of a 1,200 km of 2D seismic based on the results of the gravity and magnetic survey, has been awarded to Grant Geophysical and acquisition is expected to begin this month.