3D Seismic acquisition20 Apr 2023 04:13
Apparently our recent rise is all down to Seismic Program currently being conducted by Orca according to our Wednesday lunchtime friend. Somehow I doubt that as I've seen little mention of it anywhere, at least during this recent rise, but if as he says some positive news comes out in their annual report, he says due today/tomorrow, maybe Aminex could actually get a lift from it and holders could expect it to be covered in the next RNS. Not sure Orca will release data pertaining to the Aminex section, as that might be seen as something for the AEX board to do, but something to look out for nonetheless.
Orca stated.....
"The Company is currently carrying out a 3D seismic acquisition program, budgeted at $22.1 million in order to de-risk future development drilling and to evaluate the potential of prospective resources for exploration drilling. The Company awarded and signed a contract with African Geophysical Services LLP on July 7, 2022, to acquire approximately 181 square kilometers of 3D marine, transition zone and land based seismic over the Songo Songo license area. As at December 31, 2022 line cutting for the land portion of the survey was in progress and mobilization and commissioning of the marine equipment was ongoing; all in preparation for commencement of the acquisition program in early 2023."