LONDON (Alliance News) - SacOil Holdings Ltd Tuesday said that the operator of Block III in the Democratic Republic of Congo, Total E&P RDC, completed the acquisition of 2D seismic data over the northern part of the block.
Total E&P successfully completed the acquisition of 244 kilometres of 2D seismic data. The next step will be to process and interpret this data, and integrate the results with previously acquired gravity and magnetic data.
SacOil holds a 12.5% stake in the block.
Shares in SacOil were untraded Tuesday morning. They last closed at 0.955 pence.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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