Business
update re Seismic Shoot in the Paradox Basin
update re Seismic Shoot in the Paradox Basin.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3699P Rose Petroleum PLC 31 August 2017 \n\n31 August 2017\n \nRose Petroleum plc\n(\"Rose\", the \"Company\" or the \"Group\")\n \nCompletion of Seismic Shoot Design Optimisation and Commencement of Field Work in the Paradox Basin\n \nRose (AIM: ROSE), the AIM quoted natural resources business, is delighted to announce that it has completed the optimisation of the 3D seismic shoot parameters on its oil and gas exploration acreage in the Paradox Basin, Utah (the \"Paradox Acreage\"). Surveying contractors have been engaged for the initial work programme on the 3D seismic survey and are expected to commence work within days.\nAs announced on 22 August 2017, the Company has assembled a highly experienced technical and operational team with specific Paradox Basin experience to assist in the completion of the seismic survey. The Company has been working on and now completed the optimisation for a state of the art 3D seismic shoot. The shoot has now been focused on an area of 40 square miles within the 61 square miles permitted area but retained the same coverage over the Rose acreage, cutting out extended areas of the shoot which were not covering Rose's acreage. It has been designed with high fold (greater than 35 fold with offsets up to 10,000-feet) wide-azimuth design which the Directors believe are better parameters than previous surveys in the area. The data will be suitable for azimuthal velocity (HTI) and amplitude versus offset (AVAZ) analyses for fracture characterisation, which, along with correlation to structural features, should allow the Company to predict areas of open natural fractures. It has been designed to tie in the State 16-42 (with modern logs) and the Federal 28-11 (Cane Creek producer) wells.\nAs previous stated, the Paradox Basin is a natural fracture driven basin, and drilling will target \"fracture swarms\" which allow commercial flow rates. Hydraulic fracturing is not usually required. The 3D seismic survey is an essential part of identifying these fracture swarms and is therefore an essential path to unlocking the value of the Paradox Acreage.\nDawson Geophysical Inc., who, as previously announced, is contracted to deliver the turn key Seismic shoot has been pre-paid for and instructed to commence the initial survey work segment which is expected to commence i...