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    Black Marlin Energy commences second Seychelles seismic survey

    Projects and Operations // October 1, 2009

    Black Marlin Energy Limited (BMEL), a subsidiary of East African Exploration Limited (EAX) and partners Avana Petroleum, have commenced their second seismic survey on their acreage in the Seychelles using Seabird Exploration’s vessel Geomariner.

    The original 3,650km 2D survey, acquired in 2007 using an 8,000m cable, identified an extensive and deep sedimentary section between and around the granitic islands. The granitic features are linked to those that underpin the massive Bombay High field and flank the prolific Cambay basin on the west coast of the Indian subcontinent.

    The new 1,100km 2D survey is designed to better image the potential reservoirs in the numerous tilted fault blocks to better delineate the leads mapped in the southern third of tranche A. It will complete the group’s seismic commitment under the first exploration period of the Petroleum Agreement (PA). The 15,000km2 PA acreage was awarded in November 2008 after the group reviewed 43,000km2 and selected optimal locations for more detailed study.

    The survey area includes some very large structures in both shallow and deep water targets and is close to the wells drilled by Amoco in 1980/81. The wells had significant oil shows which correlate well to the tar balls occasionally found on Seychelles beaches suggesting an active, indigenous hydrocarbon system.

    Jeff Hume, CEO of Black Marlin Energy, said: "We are very pleased to be moving forward with our work programme in the Seychelles and have been fortunate to be able to take advantage of the presence of Geomariner in the Seychelles at a very competitive price. We continue to believe that the Seychelles has excellent commercial oil potential and this concentrated programme, on one of the most prospective and interesting areas in our acreage, is designed to help us indentify firm drilling targets for the next phase of exploration.”

    Further seismic, beyond the work programme commitment, is planned for the remainder of tranche A and tranches B and C in 2010. Drilling is planned for the period early 2011 to 2012.

    Recent independent evaluation of BMEL assets in the Seychelles indicates potential original oil in place (OOIP) of over 1 billion barrels.

     

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