Continental Focus, International Reach

Taipan to Shoot More 2D on Kenya’s Block 2A

Tuesday, February 25, 2014

Simba Energy has granted permission to Taipan Resources Inc., the operator of Block 2B in Kenya, to carry out 2D seismic in an area located in the southwest corner of its Block 2A just to the north of Simba’s Pearl prospect.

Taipan, having already completed a small amount of 2D seismic in the southwest corner of Block 2A, provided the processed data to Simba, and have requested permission to conduct an additional 24 line kilometers of 2D seismic within this same area. This work will comprise six lines, mostly ‘tails’, and is part of Taipan’s current seismic program that aims to finalize a drilling location for their first exploration well planned for Q4 at the Pearl prospect which lies just south of Simba’s Block 2A boundary. This work is expected to be completed by the end of February. The seismic data will then be forwarded to Simba once processed.

Once interpreted, this seismic data will serve to complement Simba’s existing dataset as well as future seismic work contemplated by the company’s recently announced LoI to conduct further exploration on block 2A. This includes FTG survey and 2D seismic coverage over the area of the Anza Basin underlying the southwest of Simba’s Block 2A. FTG has been the most effective exploration tool for identifying prospects throughout the East African rift system.

“Africa Oil’s upcoming well on the Sala prospect in Block 9 and Taipan’s planned Pearl-1 well on the south border of Block 2A strongly suggest that a potential “String of Pearls” trend passes through the southwestern corner of our block, as both prospects are located at the basin edge where this type of play is found. The Anza basin`s edge passes through the western part of Block 2A,” remarked Simba’s CTO & Director, James W. Dick.

 


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