Tekoil expands Newfoundland and Labrador survey

Nov. 21, 2006
Tekoil & Gas Corp. received approval to expand its original 3D seismic survey program in western Newfoundland. The survey will cover the Port au Port Peninsula and part of Port au Port Bay.

Offshore Staff

NEWFOUNDLAND AND LABRADOR, Canada --
Tekoil & Gas Corp. received approval to expand its original 3D seismic survey program in western Newfoundland. The survey will cover the Port au Port Peninsula and part of Port au Port Bay.

The Newfoundland and Labrador program has been increased from 244 sq km (94 sq mi) to 500 sq km (193 sq mi) and will not require further environmental assessment by the Newfoundland and Labrador Department of Environment and Conservation. The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is in the final stages of approval for the offshore segment of the survey.

The original proposed program covered 244 sq km (94 sq mi), including much of the Port au Port peninsula, as well as the onshore to offshore transition area along the northwestern shore, to a maximum water depth of 50 m (164 ft). To continue the onshore 3D seismic coverage across the coastline and into the near offshore environment, submersible geophones positioned within specially designed ocean bottom cables will extend the recording array from onshore to offshore to a maximum water depth of 50 m (164 ft) at the edge of the survey area.

Tekoil has retained dB.LLC Petroleum Advisors for the survey program design and data interpretation.

11-21-06