Rick Wilkinson
OGJ Correspondent
HOUSTON, Oct. 20 -- Karoon Gas Australia Ltd. has let contract to PGS Exploration Ltd. for an 840 sq km 3D survey by the Ramform Victory seismic vessel on its adjoining Browse Basin permits WA-314-P and 315-P off Western Australia (OGJ, Oct. 17, 2005, p. 34).
Karoon has 100% of both permits. The results of a recent 2D survey on Karoon's blocks, along with interpretation of aeromagnetic data, confirm the presence of large structures with geological similarity to Scott Reef and Brecknock.
The 3D survey, to begin in November, is expected to aid in the delineation of targets for Karoon's proposed exploration program in 2006.
