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Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
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  • Empire Oil And Gas Prepares For Perth Basin Seismic 0 comments
    Jul 18, 2012 8:06 PM

    Empire Oil & Gas (ASX: EGO) will carry out an experimental shot hole test survey in the Perth Basin next week to ensure the upcoming Wannamal 3D seismic survey is recorded with the best data quality.

    The test shot on EP 389 will start on July 23 near the Gingin-1 discovery well that was drilled by WAPET in 1964.

    The 100 square kilometre Wannamal 3D seismic survey will be shot over the Gingin gas field and the Wannamal prospect with the use of helicopters to transport the equipment to minimise its environmental impact.

    Data from this survey will be used to decide if an exploration well is drilled on each of the Wannamal and the Gingin Deep prospects before the end of this year.

    Empire and its partners will also decide on whether to deepen the existing Wannamal-1 well to test the Wannamal Deep prospect and re-entering and deviating from the Gingin-3 well to test the Gingin Downthrown prospect.

    Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.

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