Armour to start airborne survey in Northern Territory
Sydney-listed Armour Energy has hired Pinemont Technologies Australia to acquire approximately 20,000 km2 of airborne geophysical data over its Northern Territory acreage, it said on May 11. The survey is scheduled to begin in early July.
The company said that the survey will cover all or substantial portions of its five exploration permits and one exploration application area which cover the Batten Trough and Fault Zone and a conventional oil and gas fairway encompassing the Coxco Dolomite and McArthur and Tawallah Group prospects and structural closures.
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Armour's portfolio of leads and prospects includes multiple features within four geological horizons that are adjacent to or lie directly over deeper parts of the McArthur basin and the Beetaloo sub-basin.
“To date, the company has identified 193 conventional leads and prospects along this conventional play fairway and the airborne survey is aimed at both high-grading these existing leads and prospects and identifying additional conventional leads and prospects along the conventional play fairway,” it said.