{"id":1606,"date":"2014-08-13T10:41:48","date_gmt":"2014-08-13T07:41:48","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=1606"},"modified":"2015-09-07T14:43:32","modified_gmt":"2015-09-07T14:43:32","slug":"simbas-ftg-survey-narrows-2d-seismic-acquisition-areas-in-kenyas-block-2a","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/simbas-ftg-survey-narrows-2d-seismic-acquisition-areas-in-kenyas-block-2a\/","title":{"rendered":"Simba\u2019s FTG Survey narrows 2D seismic acquisition areas in Kenya\u2019s Block 2A"},"content":{"rendered":"

Simba Energy Inc.\u00a0has announced it is in receipt of Bell Geospace\u2019s final report and results from their aerial FTG (Full Tensor Gradiometry) survey analysis and interpretation at it\u2019s 100% interest Block 2A concession in Kenya.<\/p>\n

Simba says the results have identified five structural features with independent closures varying in size from 30kms\u00b2 to +100kms\u00b2 in both the Mandera and Anza basins.<\/p>\n

The FTG results according to Simba have enabled the company to better focus and narrow the area and extent of the now planned 2D seismic program necessary to further develop drilling locations. The planned seismic program will focus on the three highest ranking & sizeable targets identified by the FTG in both basins.<\/p>\n

\u201cThe FTG results, in conjunction with correlating data from previous 2D & passive seismic, drill logs and comparable data at other discoveries, indicate a number of potential drilling targets in Block 2A. These results and final report will be made available to our interested farm-in partners. The FTG data will be used to design and constrain the 2D seismic program, which once acquired, will allow us to determine depths, create volumetric estimates and to define drilling locations all of which is to be published in an updated (NI 51-101 compliant) resource estimate (or CPR – Competent Persons Report).\u201d, remarked Robert Dinning, President & CEO.<\/p>\n

The map provided below highlights the FTG survey\u2019s results. The FTG results will inform the design and planning to acquire 2D seismic over the specific FTG anomalies observed in both basins. An area in the Mandera basin that covers the two sizeable \u2018primary\u2019 and one \u2018secondary\u2019 target areas designated as M1 & M3 (prospects) and M2 (lead) is estimated to require +\/-175 line kilometers, while an additional 100 kms are estimated for the Anza basin to cover leads A1, A4 and A5.<\/p>\n

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Simba\u2019s Block 2A concession covers an area of over 7,800 km\u00b2 that overlies portions of two very prospective basins, each with proven hydrocarbon systems: The Mandera basin where the Tarbaj oil seep (just to the north of Block 2A\u2019s northern boundary) has confirmed marine origin source rocks deeper in the basin in Lower \/ Mid Jurassic formations, and; the Anza basin, one of the largest Tertiary-age rift basins in the East African rift system and with a geological setting similar to the South Lokichar basin where Africa Oil and Tullow have recently had significant discoveries.<\/p>\n

The strong exploration potential for the target areas in both the Mandera and Anza basins is supported by the following rationale.<\/p>\n

Mandera Basin:<\/strong><\/p>\n