Modiolus 3D Seismic Survey
Great Artesian Oil and Gas Limited is pleased to advise that the PEL 91 joint venture of Great Artesian and Beach Petroleum Limited is embarking on the next stage of exploration work in PEL 91 being approximately 137 square kilometers of 3D seismic data acquisition. The seismic work is part of a collaborative project (“Modiolus 3D”) being undertaken with the PEL 92 joint venture of which Beach is also the operator and will cover the south western part of PEL 91 as illustrated on the map attached.
The seismic acquisition is being undertaken by Terrex Seismic. Line clearing has already commenced and acquisition is expected to commence in PEL 91 in about 3 weeks.