CGG Aviation will carry out a geophysical survey for Empire Oil & Gas over parts of its Perth basin acreage, in what Empire chief executive Ken Aitken says is a first for the area.
The survey, which is subject to regulatory approval, will be flown over the entirety of EPs 368, 426, 389, 440, 454, 430, 480 and 416.
It will comprise 12,775 line kilometres across about 10,000 square kilometres of Perth basin tenements, and will be acquired by airborne surveying techniques from late March to May 2015.
The interpreted results, which will be used to identify strong exploration leads and prospects for drilling, are expected to be available in the September quarter of 2015.
Mr Aitken said this would be the largest survey undertaken across the basin.
“With the ERM transaction approved by Empire shareholders, we are now pushing ahead strongly with our strategy to create value for shareholders through exploration,” he said.
“We believe our extensive acreage is highly prospective and this geophysical survey is the next key step to unlocking its full potential.”
Empire acquired ERM Power’s interest in several Perth basin permits for $16.34 million in September this year.