Range announced that the Seismic Survey conducted on the License Blocks VIa and VIb in the Republic of Georgia has been completed and signed off by the Company's Georgian Partner, Strait Oil and Gas with the Seismic Contractors.
Strait had engaged the Seismic Contractors to conduct a minimum of 350 km 2D Seismic survey over the license area in accordance with the Phase II provisions of the PSA governed by a contract signed in September 2009.
The seismic program was acquired using the vibroseis technique and in total 410 kms of 2D seismic data were recorded. From the onset the character of the data observed in the QC brute stacks was good to very good and remained so throughout the program.
Processing and interpretation of the data will be undertaken during 2Q 2010 with the aim of identifying potential drilling targets and work to develop a drilling program to commence in 4Q 2010.
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