FormCap is to begin a seismic survey to confirm drill targets at its Weber City Prospect in New Mexico, US.
To date, the firm has acquired 23.47 million cubic metres of oil and gas mineral leases within the Permian Basin at its Weber City Prospect, where it holds a 100% working interest.
Four potentially productive hydrocarbon zones comprising the Weber City Prospect are the San Andres, Clearfork, Wolfcamp and Cisco Formation.
Each of the four zones represents a viable drill target, according to FormCap.
The firm’s primary target is the Cisco Formation of Pennsylvanian Age, a structure that has hosted extensive deposits of hydrocarbons.
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