Seismic Sheds Light on Thunderbolt
Empire Energy Corp. International's said that a 150-kilometer 2D seismic survey of Australia's onshore central Tasmania Basin has led to a potentially promising discovery. Empire's Australian subsidiary, Great South Land Minerals (GSLM), oversaw the survey.
"Our preliminary seismic interpretation indicates a large buried anticlinal structure in our older Larapintine Paleozoic petroleum system," said Clive Burrett, GSLM's managing director. "This anticline is parallel to similar structures within exposed Ordovician carbonates on the floor of the Florentine Valley, which were also recorded in the current survey."
Dubbed the Thunderbolt Anticline, the structure is believed to be 20 kilometers across and possibly 50 kilometers long--potentially forming another domal structure. "Therefore, it may be comparable in size and shape to our adjacent Bellevue Anticline (dome)," explained Burrett. "We have also identified other attractive anticlinal structures within the seismic data that are evident north of Ouse, both within the older (Larapintine) and younger (Gondwana) petroleum systems."
"If these structures, potentially over 1,000 square kilometers in size, are charged with oil or gas then we are looking at very substantial, undiscovered, potential resources," noted Malcolm Bendall, Empire's president. "When our seismic trucks return, expected in the southern hemisphere spring (August/September 2006), we may add appreciably to our inventory of large, well-defined targets that are listed for drilling."
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Company: Great South Land Minerals more info
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