Posted on :Saturday , 17th January 2015

 Hydrocarb Energy Corporation (OTCQB:HECC) has announced it is preparing to issue Request For Proposals to four seismic acquisition contractors to complete a 750km 2-dimensional seismic program on its 21,300 sq km (5.3 million acre) Owambo Basin concession. Comprising blocks 1714A, 1715, 1814A, and 1815A in northern Namibia, the concession is adjacent to the Angola border. Seismic data will be acquired to confirm 16 new structural leads discovered by a proprietary aerial gravity and magnetics program the Company flew in 2013. Approximately 15% of Hydrocarb's 21,300 square km (5.3 million acre) concession has been explored with modern 2D seismic data to date. Environmental Assessment work, currently underway, will be complete in early 2015 as a prerequisite to the seismic project.