The Sydney-based exploration company, which has the exclusive Australian licence for the proprietary Sky Hunter airborne geochemical microseep survey technology, now has up to 90 days to interpret the results and exercise its option to drill one well in order to earn a 50% equity in the permit.
During this period, Empire and Red Sky may also undertake a ground geochemical survey to obtain more detailed information.
The airborne survey was recorded over the Amber-Topaz Area and the Picul-1-Sapphire-Abdul Dam Area where previous petroleum exploration drilling has recorded good oil shows, according to Empire.
The Sky Hunter technology is designed to map hydrocarbon microseeps associated with oil and gas reservoirs by recording airborne geochemical data sets on low level flight lines.
According to Empire, this technology has been used in North America over the last eight years to deliver oil and gas discoveries. Sky Hunter uses three data channels to measure total hydrocarbons, propane plus and pentane plus.
Red Sky claims that the combined mapping often results in the ability to distinguish between oil- and gas-prone targets and it expects that the technology will be equally successful in Australia.
