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Article: Loon Energy Corporation: Peru Seismic Program.
- Article from:
- Marketwire Canada
- Article date:
- October 13, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, ALBERTA, Oct 13, 2009 (Marketwire via COMTEX) -- Loon Energy Corporation (TSX VENTURE:LNE) ("Loon") is pleased to provide an update on seismic operations in Peru.
A 390 kilometre 2D seismic program acquisition program has been initiated on Block 127 in the Maranon Basin area of northern Peru with the first shot recorded in late September. The data acquisition phase of the program is expected to be completed in November 2009. A decision on the drilling of an exploration well on the block will be made after the processing and interpretation of the new seismic data has been completed - likely in the first quarter of 2010.
The seismic acquisition ...