Exploration - 06 April 2020

The Monument exploration well found approximately 200 ft (c. 60 m) of net oil pay with good reservoir characteristics in Paleogene sandstone.

The company, under contract to TGS, has completed the offshore 'seep-hunting' surface geochemical analysis and geotechnical campaign of the MSGBC Basin.

A client of SeaBird Exploration has cancelled two OBN surveys off West Africa due to the Covid-19 situation.

The new deadline for the closing date of Lebanon's ongoing second offshore exploration licensing round is 1 June 2020.