LONDON - Global Petroleum Limited (LSE AIM: GBP) has announced the completion of its Light Detection and Ranging (LiDAR) data delivery for the Juno project in Western Australia. The high-resolution LiDAR data, essential for identifying drill targets, has been finalized following the company's update on December 9, 2024.
The LiDAR data, processed to achieve a spatial accuracy of less than 20 centimeters, includes detailed 0.5m and 1.0m Digital Terrain Model (DTM) mosaics and digital imagery of the ground surface. These products will be used in combination with aeromagnetic and gravity data to pinpoint initial drilling sites.
LiDAR, an advanced remote sensing method that employs laser pulses to create three-dimensional representations of surface topography, is critical for detailed data modeling and exploration program planning. Global Petroleum's joint venture partner, Callum Baxter (NYSE:BAX), emphasized the importance of LiDAR in modern exploration and expressed satisfaction with the project's progress.
The company's CEO, Omar Ahmad, conveyed excitement about the Juno Project's rapid advancement, particularly with the LiDAR data's final delivery. He highlighted the company's commitment to utilizing innovative technology and expert insights to define high-impact drilling targets. Global Petroleum is fully funded for the Juno Project and is now focusing on accelerating its work program.
In addition to the LiDAR data, the company is collecting detailed ground gravity data, with final processing currently underway. Further updates are expected once this data is received.
This announcement, based on a press release statement, indicates Global Petroleum's strategic focus on advancing its projects with the support of shareholders and leveraging technological advancements in exploration.
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