Vanoil Energy Ltd. provide an operational update on Vanoil's 100% owned Blocks 3A and 3B in Kenya covering 24,912 square kilometres. The original Production Sharing Contract was entered in 2007 with the Government of the Republic of Kenya. By 2009, Vanoil had obtained and re-processed approximately 2,000 kilometres of mid 1970s vintage 2D seismic originally acquired by Chevron. This data was analysed extensively by Vanoil's Nairobi based geological & geophysical consultants and established that there are three rift system basins present in Blocks 3A and 3B acreage; the Anza, the Mochesa and the Lamu.
In 2010, Vanoil completed its first seismic program which was conducted by BGP Kenya Ltd. This program consisted of 447 line-km of high resolution 2D seismic focusing on an area in South Anza Basin in Block 3A. Analysis of this data, coupled with information from the four exsisting wells on Blocks 3A and 3B, enabled Sproule to complete the National Instrument 51-101 compliant report. Sproule provided a best estimate of gross unrisked prospective resource of 836 million barrels oil equivalent net to approximately one third of Vanoil's 100% interest lands on Block 3A.
In September 2011, Vanoil and BGP Kenya successfully completed a further 398 kilometre 2D high resolution seismic program on Block 3B bringing the 2010/2011 cumulative total to 845 kilometres of high resolution infill seismic in addition to the 2,000 km of reprocessed 1970s data. Vanoil has now contracted and completed 845 kilometers of new 2D high-resolution seismic on Blocks 3A and 3B.
Vanoil's Calgary based technical team which includes Sproule Interational Ltd, Statcom Ltd., Geoseis Inc, and Petro-Explorers Inc, have concluded the processing, interpretation and integration of the new high resolution 2D seismic program. Based on extensive experience in the South Sudan the team is able to demonstrate a strong interpretative analogy between Blocks 3A and 3B in the South Anza Basin and the prolific oilfields of the Melut and Muglad basins of the South Sudan.
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