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Simba Energy processes 2-D seismic data for block 2A

Friday, March 3, 2017 12:42
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Simba Energy Inc.’s (CVE:SMB) and Essel Group Middle East’s 2-D seismic acquisition program on block 2A in Wajir, Kenya, has been successfully completed, Simba said on Friday.

Simba shares were up 6% at C$0.08 in late Friday trading.

The survey, which was carried out by Africa Geophysical Services Ltd., has acquired a total of 520 kilometres of 2-D seismic lines on block 2A, which lies within the Mandera basin in eastern Kenya.

Read: Simba Energy’s shares gain, 2-D seismic program in Kenya completed

James W. Dick, PGeol, PEng, chief technical officer of the company, stated that the data quality was excellent and its coverage, combined with the historical 2-D, the full tensor gradiometry (FTG) and passive seismic (IPDS), has provided an excellent picture of the structural and depositional style of the Mandera basin in block 2A.

The specific aim of the seismic survey was to evaluate and detail the present prospects as well to use the enhanced quality of the data to seek out additional leads previously not identified due to old chaotic data in the historical 2-D. The survey met and exceeded all its objectives.

Currently, the lines are being processed with very good results. This process should be finished in the next 30 days. Preliminary interpretations of the structural and stratigraphic data based on fast-track seismic sections is promising.

The combination of the previous work and the recent data acquisition has resulted in a significant improvement in understanding the depositional environment in that there is good support between the various evaluation tools. In particular, the relationship between the FTG and the recent 2-D seismic acquisition adds a much higher level of prospectively for the block.

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