Taipan Resources Inc. provide the following update regarding the 2D seismic acquisition program on Block 2B onshore Kenya.
Taipan has a contract with BGP (Bureau of Geophysical Prospecting of China) to acquire up to 800 kilometers of seismic data over Block 2B in North Eastern Kenya. BGP has begun mobilizing their seismic crew and plans to commence recording in January 2013. Taipan expects the 2D seismic acquisition to be completed by the end of Q1 2013.
BGP is one of the world's leading geophysical service companies. BGP currently has five seismic crews working in Kenya and has completed a number of other seismic surveys surrounding Block 2B earlier this year. BGP is also currently shooting seismic on Block 1 in Kenya where Taipan owns a 20% interest.
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