Rift Energy has commenced a 2D Seismic Program covering 680 line km on Block L19 in the Republic of Kenya. Data acquisition will take approximately 60 to 90 days, which will be followed by data processing and interpretation. Upon completion of the 2D Seismic Program, Rift Energy will have completed all of the minimum work requirements for the first two year exploration period under terms of the Block L19 Production Sharing Contract.
The 2D Seismic Program was designed to cover areas of interest resulting from an Aerial Gravity and Magnetic Survey (AGM) and a Geochemical Survey. Both surveys were completed during 2013 and yielded positive results.
The AGM formed the basis for a depth to basement map that identified multiple large basement structures and play types.
The Geochemical Survey resulted in indications of hydrocarbons over areas of interest identified by the AGM. As a result, the parameters of the 2D Seismic Program was designed to maximize the coverage of the identified areas of interest by these surveys.
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