AGI has been given the co-ordinates of three of the six identified ‘ready to drill’ prospects and is expected to commence field operations early December.
The survey will be a ‘blind test’ where AGI will shoot the survey without any prior seismic info on the co-ordinates.
After the survey and results are compiled by AGI, they will be integrated with the existing
seismic results to produce the best possible target locations to be drilled, Range Resources said.
Given the successful results that the geochemical technology has demonstrated, the company believes that, for the cost of about 3% of the current proposed budget for drilling two wells, the survey will increase the probabilities in ensuring that the two-well drill program is successful.
Range Resources is an oil and gas exploration company with interests in the frontier state of Puntland, Somalia, the Republic of Georgia and Texas, US.
