Chariot Oil & Gas Ltd reported that on block 2714A, offshore Namibia, another seismic program has started. Enigma Oil & Gas Exploration (Pty) Limited, the company's wholly owned subsidiary, has agreed to the programme after the farm-out with Petrobras recently. Petrobas will pay 50% of the costs of this survey and will help acquire another 1,500 sq km of 3D seismic on the block. External seismic data will be provided by CGGVeritas, a geophysical services group and the data acquisition will take about three months, thereafter it will be processed and interpreted. The previously acquired 3D seismic is also being processed by CGGVeritas.
