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ARKeX completes airborne Trinidad survey for LGO

19th February 2015

ARKeX Limited has now successfully completed the Full Tensor Gravity Gradiometry (FTG) survey in Trinidad for LGO

ARKeX Limited has now successfully completed the Full Tensor Gravity Gradiometry (FTG) survey in Trinidad for LGO
LGO has acquired a licence to the entire survey and it is expected that the initial processed results will be available within several weeks

All the planned data has been gathered and accepted as being within specification.  

"This unique survey in Trinidad has been completed well within the planned timeframe and we look forward to receiving the data to integrate into our various technical studies at Goudron,” said Neil Ritson, LGO's chief executive. “The data will also allow us to better understand the Cedros Peninsula and other areas of onshore Trinidad where we believe there to be considerable further untapped oil production potential."

As reported previously the aircraft commenced flying the gravity and magnetic survey over the entirety of the prospective onshore and near-shore areas of Trinidad in mid-January.  The data gathered covers an area of approximately 5,700 square kilometrds and has now been transferred to ARKeX's head office in Cambridge, UK where initial data processing is already underway. 

LGO has acquired a licence to the entire survey and it is expected that the initial processed results will be available within several weeks and will then be used over the coming months in more detailed interpretation work in both the producing Goudron Field and in the Cedros Peninsula where the LGO holds approximately 10,900 gross acres of underexplored prospective leases.   

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