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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (590)	4/18/2013 7:17:53 PM
From: Goose94	Read Replies (1) \| Respond to of 202904

Taipan Resources (TPN-V) completes surveying at block 2B April 18, 2013 - News Release Taipan Resources Inc. has completed the block-wide full-tensor gradiometry survey on block 2B in Kenya. With the completion of the FTG survey and recent 439-kilometre 2-D seismic survey, Taipan has completed the work program for the initial exploration period on block 2B. The first additional exploration period for block 2B commences on June 2, 2013, with a term of two years. Maxwell Birley, chief executive officer, commented: "The initial results of the 2-D seismic and FTG data acquired on block 2B look very encouraging. The Anza basin is one of the largest Tertiary-age rift basins of the east African rift system, which contains multibillion-barrel oil discoveries. We continue to believe based on gravity, magnetic and seismic data that the most attractive area of the Anza basin is located on block 2B. Recent proprietary geochemistry work completed by Taipan also demonstrates that there is excellent quality Tertiary oil-prone source rock present in the Anza basin in the region of block 2B."