Metgasco has signed a contract with seismic acquisition contractor, Terrex Pty Ltd, to acquire about 16 km of seismic in its Northern Rivers petroleum exploration licence, PEL 16. The timing of the program, which is expected to take about four days, will be driven by the availability of the seismic acquisition equipment but at this stage it is expected to be in the second half of November this year.
The seismic program has been planned for some time and already has the NSW Government's approval via the Review of Environmental Factors process. The purpose of the seismic program is to provide more definition of the northern extent of the Greater Mackellar conventional / tight gas exploration prospect. The additional seismic is expected to provide increased confidence of the structure's closure before testing the prospect with the planned Rosella well.