How do the survey results compare to 3D seismic?
We all know that 3D seismic surveys can be extremely valuable to exploration and exploitation activities. What you may not realize is that MET surveys can be used in conjunction with 3D surveys. MET surveys cost around $1,000 per square mile so they can be used in advance of seismic to define areas of interest where 3 D should be run. Or MET surveys can be run concurrently and then you will have a physical and geochemical description of the area. Seismic says the structure is there, MET says the hydrocarbons are there. We have run MET surveys where 3D surveys have been run. We can show you our results, unfortunately the oil companies won’t release their 3D results. But we can tell you where they elected to drill based on 3D and we can report their drilling success versus how the MET surveys would have supported drilling. This is quite impressive.
