Niger: Savannah starts FTG survey
Issue 290
- 04 Dec 2014
| 1 minute read
ARKeX has begun acquiring an airborne full tensor gradiometry (FTG) survey on the R1/R2 licence area for London-based Savannah Petroleum. The ARKeX N344CS Twin Otter aircraft will operate from China National Petroleum Corporation (CNPC)’s Jaouro airstrip near the permit area. Savannah, which listed on London’s Alternative Investment Market in August, raising £29.3m ($50m), signed a production-sharing contract in July for the R1/R2 Area, which covers 30.5% of the original Agadem permit relinquished by CNPC in June 2013.
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