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Petro Matad provides results of the interpretation of the 220 kms of seismic


Published May 8, 2014
Petro Matad

Petro Matad is pleased to provide an update on its operations, results of the interpretation of the 220 kms of seismic acquired over Blocks IV and V in November 2013 and the continuing farmout process.

In Block IV, 65 kms of seismic were shot overa thrusted anticlinal feature seen on a single east - west seismic line in the western part of the Block. The new seismic confirms a three way dip closure on the downthrown side of major strike slip fault with possible recoverable reserves of 60 to 100 million barrels oil.

A smaller, but a well imaged, more robust four way dip closure with possible reserves of about six million barrels can also be mapped within this overall fault prospect.

Tags: Petro Matad




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