Preliminary seismic reprocessing activity has been commenced in Calgary. The Northern Territory Geological Survey in a presentation entitled "Onshore Hydrocarbon Potential - 2006" has already identified several seismic based leads with potential oil pools in the 70 to 230 million barrel range and Texalta will now focus on following up these leads with detailed seismic reprocessing as required under the year one work program.
Texalta is engaged in the exploration, acquisition and development of prospective oil & gas properties in Saskatchewan and Alberta, Canada. The company holds a 50 percent working interest in two exploration permits covering in excess of 5.5 million acres of prospective land in the Georgina Basin, Northern Territory, Australia.
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