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

To: Goose94 who wrote (3723)	1/15/2014 7:07:00 PM
From: Goose94	Read Replies (1) \| Respond to of 203399

TPN-V this the start we're waiting for, start of drilling?

To: Goose94 who wrote (3723)	2/3/2014 11:22:01 AM
From: Goose94	Read Replies (1) \| Respond to of 203399

Taipan Resources (TPN-V) Feb 3rd, '14 contractor Bureau of Geophysical Prospecting of China (BGP) has commenced the acquisition of further 2-D seismic data on block 2B, onshore Kenya. The data acquired will be used to finalize the drilling location for the Pearl-1 prospect. BGP has been contracted to provide an additional 178.75 kilometres of 540 fold 2-D seismic data. The seismic program is expected to be completed by the end of February. Taipan holds a 45-per-cent interest in block 2B and is the operator during the exploration phase, with Premier Oil PLC having the right to assume operatorship of any development. Premier is carrying Taipan through the cost of the work program for the first additional exploration period on block 2B with a total gross cost of up to $29.5-million. This includes the drilling and testing of the Pearl-1 prospect. Maxwell Birley commented: "The Pearl-1 exploration well will target a Tertiary prospect that is in a similar geological setting to Tullow's Ngamia, Twiga, Ekales, Agete and Amosing discoveries. The Anza basin is one of the largest Tertiary-age rift basins in the East African rift systems that together contain multibillion-barrel oil discoveries. We believe that the sweet spot of the Anza basin is located on block 2B."