Irvine Says Kansas Seismic Program Identifies Multiple Drilling Targets

Irvine Energy has identified multiple drill targets adjacent to the historically highly productive Blood and Cooley fields in Kansas, following the completion of an eight square mile 3D seismic survey. The survey is the first of four to be completed totalling approximately 50 square miles, which are being shot to identify structures in south central Kansas, where Irvine owns a 75% interest in 112,000 acres of oil and gas licences.

The 3D seismic survey was shot across three known field areas in south central Kansas along the Nemaha Uplift in Butler and Cowley counties. The Blood and Cooley fields have produced 250,000BBL of oil from the Mississippian, and additional 225,000BBL of oil from the Kansas City/Lansing and Arbuckle formations.

Initial drilling targets are being finalised by Irvine's partners, Metro Energy Group, with drilling planned to commence in December/January.

Irvine Managing Director Aaron Close said, "The results of the 3D seismic survey have exceeded our expectations, showing multiple oil prospective drilling targets adjacent to the existing oil fields. The structures identified are relatively shallow, which means that drilling costs should be low. The seismic programme is focused on identifying drilling targets and increasing production, whilst building our P1 and P2 reserve base."