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Thursday, October 31, 2024
88 Energy announced that 2D seismic processing over Petroleum Exploration Licence 93 (PEL 93) in the Owambo Basin, Namibia has been complete. A preliminary review of the 2D seismic data validates the interpretation of several leads previously identified on legacy datasets.
Initial structural interpretation, which used the dimensions and orientation of an analogous anticline studied in an outcrop to the south, has been completed by the Company’s JV partner, MEL. This analysis highlights Lead 9 as a very robust, high-relief structure covering approximately 186 km2, with clear access to charge from the source rock interval in the centre of the basin.
The processing, conducted by Earth Signal in their Canadian offices, covered 203 line-km of 2D seismic data. Earth Signal’s expertise in land seismic data processing has produced an exceptional image, enabling detailed interpretation of the Damara play in both the Mulden and Otavi reservoir targets.
The full release with more results and data can be found on the 88 Energy website here.
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