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Duma Energy completes field acquisition in northern Namibia

HOUSTON -- Duma Energy Corp., along with its partner Hydrocarb Energy, has completed the field acquisition phase of a 13,468 km high-resolution aerial gravity and magnetics program over its oil and gas exploration concession in northern Namibia.

The high-resolution survey is the first major geophysical exploration program to be carried out over Duma' s 21,200 sq km (5.3 million acre) concession, blocks 1714A, 1715, 1814A, and 1815A, located in Namibia' s Owambo Basin, adjacent to the Angola border. The survey was flown by Bridgeporth Ltd. of the UK in order to obtain a first look into the subsurface of this virtually unexplored and very high-potential onshore African basin. 85% of the Owambo concession is without any modern geophysical data.

The survey, currently in processing, will be instrumental in determining the structural fabric of the concession and assist in laying out a regional 2D seismic data program that will be acquired in 2014. In addition to recently completed geologic field studies, the completion of the gravity/magnetics survey marks a major milestone in Duma' s exploration program in Namibia.

10/08/2013

 

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