Business
Commencement of FTG Survey
Commencement of FTG Survey.
About this update from Savannah Energy Plc
[{"type":"text","content":"\n \nRNS Number : 1247Y Savannah Petroleum PLC 27 November 2014 \n \n\n \n \n \n \n \n27 November, 2014\nSavannah Petroleum PLC\n(\"Savannah\" or \"The Company\")\n \nCommencement of FTG Survey\n \nSavannah Petroleum, the Niger focused oil and gas company, is pleased to announce that its airborne Full Tensor Gradiometry (FTG) survey on the R1/R2 license area will commence today. \n \nThe commencement of the survey was marked by ceremony at Niamey Airport on Friday 21 November 2014 in the presence of representatives of the Niger Ministry of Energy and Petroleum and other guests, as well as representatives of Savannah Petroleum and ARKeX, a leading geophysical service company who will be conducting the FTG survey.\n \nDuring the survey the ARKeX N344CS Twin Otter aircraft will operate from China National Petroleum Corporation's Jaouro airstrip which is located in close proximity to the R1/R2 permit. The N344CS will make a series of daily flights over the R1/R2 license area and its surrounds, acquiring valuable geological data which it is anticipated will materially expand the Company's existing R1/R2 exploration target inventory. The survey is expected to be completed in Q1 2015. \n \nSpeaking at the ceremony, Adolphe Gbaguidi, Director General Hydrocarbons, said:\n \n\"At its first Management Committee a few months ago, Savannah Petroleum took the commitment to conduct an FTG Survey on its license area. Today the Ministry of Petroleum is pleased to witness that Savannah is keeping its promises. The ARKeX plane is here and will fly to Agadem to start the survey. We are extremely happy because it will be the first time an FTG Survey is done in Niger.\n \n\"Having access to an advanced technology like this is exactly why we chose to diversify our partners and welcomed Savannah in Niger. We thank Savannah for making such an innovation in Niger's oil and gas industry, and hope that the results of the survey will help Savannah improve its subsurface geological model with the objective to make important discoveries.\"\n \nAndrew Knott, CEO of Savannah Petroleum, said:\n \n\"The commencement of the FTG survey is another important step for Savannah as we look to unlock the significant potential of the R1/R2 Permit. The...