Processing of the full seismic data is ongoing, albeit ‘now nearing completion’, though Rose is pleased with the results seen thus far.
“First pass interpretation of the structures within the Cane Creek unit are very encouraging,” the company said in a statement.
“Multiple structures that are likely to contain natural fractures are visible and work will now focus on detailed mapping and reservoir characterisation to better define them and identify targets for drilling.”
Rose expects the full data package will be processed in one week, and it anticipates that the data interpretation - which could take a further five to eight weeks thereafter - will lead to the definition of drill targets.
The company intends to start the permitting process for new wells once the targets have been defined.
Chief executive Matthew Idiens said: “We are very encouraged by the initial results of the data acquisition.
“The data quality is excellent and will enable us to clearly define our drill targets within the Paradox Clastics.”