Irvine identifies multiple targets following seismic programme
Tuesday, November 27, 2007
Irvine Energy, the AIM listed oil and gas exploration and production company, has identified multiple drill targets adjacent to the historically highly productive Blood and Cooley fields in Kansas, following the completion of an eight square mile 3D seismic survey.
The survey is the first of four to be completed totalling approximately 50 square miles, which are being shot to identify structures in south central Kansas, where Irvine owns a 75% interest in 112,000 acres of oil and gas licences.
The 3D seismic survey was shot across three known field areas in south central Kansas along the Nemaha Uplift in Butler and Cowley counties. The Blood and Cooley fields have produced 250,000BBL of oil from the Mississippian, and additional 225,000BBL of oil from the Kansas City/Lansing and Arbuckle formations.
Initial drilling targets are being finalised by Irvine's partners, Metro Energy Group, with drilling planned to commence in December or January.
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