Jacka Resources has announced it has initiated a farm-out campaign after being approached by a number of parties interested in the license in its Ruhuhu Block.
This continues even as the comprehensive review of the license area’s prospectivity that was recently completed continues.
The comprehensive review the company says will be used to guide the future exploration program which includes field mapping, further airborne geophysical surveys and seismic prior to any drilling.
Jacka says it is also reprocessing older data to allow the company design and acquire a high resolution airborne Full Tensor Gravity and magnetic surveys targeting individual sub basins within the Ruhuhu basin during 2014/15.
The Ruhuhu licence is located in south-west Tanzania and covers an area of 10,343 km2 and Jacka is the Operator holding 100% of the licence which provides Jacka with the petroleum exploration rights to the entire Ruhuhu Basin, a Karoo rift basin, and to a portion of the Lake Nyasa rift basin which is part of the East African rift system.