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Congo (former Zaire): Block III exploration to start

A $30 million work program will begin within weeks on Block III in Congo (former Zaire) near the border with Uganda, said SacOil Holdings Ltd., Bryanston, South Africa.

Total E&P RDC, operator with 60% interest, ran an airborne gravity and magnetic feasibility study and collected satellite imagery of the topography, physiography, and vegetation of the block in the past 6 months to provide a georeferenced numerical model for future operations.

An airborne gravity and magnetic survey and 2D seismic on the northern area outside Virunga National Park will be performed in 2012. A well may be drilled if promising structures are identified. SacOil is carried for the entire work program.

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