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.