Oil Optimization Finishes Seismic Work in Thailand
by Oil Optimization Inc.
|Wednesday, October 31, 2012
Oil Optimization Inc., the southeast Asian oil & gas explorer, announced the successful completion of its 50 line kilometer 2D seismic program on Block 14‐50, onshore Thailand. The seismic data was acquired in the north Phetchabun sub‐basin by CNPC subsidiary, BGP Inc. of China and is being processed in Calgary by CCG Veritas.
The objective is to identify drillable prospects by maturing one or more of the five leads previously confirmed by historic 2D seismic data. OOI''s technical team will now follow up with detailed interpretation in order to better determine the location of its first exploration well on this concession.
To highlight the program's success, OOI's President & CEO Luc Desmarais remarked, "I'm very encouraged by the results of the program to date. After the new data has been processed and interpreted, our plan is to drill the most prospective targets to identify the presence of an active petroleum system, a very positive development for the Company and its shareholders."
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