88 Energy to kick off 2D seismic over Namibian oil and gas acreage

The Market Herald05-10

88 Energy (ASX:88E) has revealed it’s set to kick off a 2D seismic run in Namibia on ground overlying what the company believes to be oil-bearing geology. The company has seen the contract awarded to ...

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The cost of works is already covered by way of a farm-in deal with Monitor Exploration, a local privately held entity.The latter can win a 20% stake in the project by way of funding the seismic campaign. 200km worth of lines will be covered overheard with data collection starting “mid-year.”Ultimately, geotechs are seeking to better refine data currently shaped up around 10 independent targets of interest across the onshore play – with a boundary envelope of some 18,500sq.km.The company also has its eyes on a “nearby operator” set to spud a well in the same geological area, the Owambo Basin, which 88 Energy expects to give it some clues on what to expect.The company is hopeful it can get to a potential first exploration well in the second half of the 2025 calen","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7142":"石油与天然气的勘探与生产","88E.AU":"88 ENERGY LTD"},"translate_title":"88能源启动纳米比亚油气区二维地震","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"88E.AU":1},"content_text":"88 Energy (ASX:88E) has revealed it’s set to kick off a 2D seismic run in Namibia on ground overlying what the company believes to be oil-bearing geology.\nThe company has seen the contract awarded to Polaris Natural Resources Development. 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