Monitor Exploration has commenced the Environmental Impact Assessment (EIA) and Environmental Management Plan (EMP), engaging Risk-Based Solutions (RBS) of Dr. Sindila Mwiya and his team. Upon completion, Monitor will be granted a clearance certificate, mandatory for onshore Namibia, for conventional seismic operations over PEL 93.
The Company expects to obtain this authorization by May-June 2022, and schedule to proceed with the seismic operations immediately after. The objective is to cover all three AOIs identified successfully within the Company's licence. This is help understand the nature of the trends seen on the Gravity and other data.
From a practical point of view, the terrain allows for operations along roads and fences as well as into the land, if deemed necessary, with minimal impact to the surroundings.
Currently, AOI 02 has demonstrated the most significant potential for hydrocarbons, after integration of various data, including a few very well positioned existing seismic lines. However, if the lines over AOI 01 show signs of a potential structure, then the Company could plan further lines to firm that up to drillable status.
The Company will take advantage of rapid seismic processing turnaround to plan additional lines based on the results of the initial plan.
Source: Monitor Exploration