This new seismic data acquisition is aimed at maturing a number of leads already developed within the EEL as a result of the previous 7,500 km 2D seismic survey to prospect status by the end of the first quarter of 2006. Hardman has also reported that preparations continue on the Guyane drilling program for 2006, which will consist of one firm well and one contingent well.
Derek Musgrove, Managing Director of Northern, stated:
"Many of the leads and prospects that have been mapped in the past and already reported on are of a very substantial size and six are estimated to have a potential of greater than 1 billion barrels of recoverable oil.
We are pleased to make progress towards a final determination of a drillable prospect that Hardman have stated they plan to drill during 2006. Our 1.25 % net beneficial interest in any discovery within the license could have a very substantial impact upon this company."
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