Alamo to Acquire Additional Seismic Line
Alamo Energy will acquire an additional seismic line located within its lease blocks.
The 14.86km seismic line which runs East-West within Alamo's blocks will provide further data for Alamo's technical team and reduce the distance of the seismic shoot planned for later in 2010.
Alamo's four UK onshore license blocks (TQ26, TQ36, TQ46, TQ56) lie directly north of the producing Palmer's Wood Oilfield. According to an independent geological report, the hydrocarbon resource potential is approximately 236 million barrels.
Philip Mann, Alamo's Chief Financial Officer said, "We have been pleased with the results from the initial seismic lines which we have already acquired and we believe that this line will provide the same quality of data. Our intention is to put the seismic shoot out for tender with the target of undertaking the shoot later this year."