Exploration - 30 October 2019

The survey will employ one Shearwater vessel and cover approximately 7300 km2 of the highly prospective Malvinas Basin, with operations set to commence in 4Q19 and run until 2Q20.

Esox-1 was drilled in 4609 ft (1405 m) of water and encountered approximately 191 net ft (58 m) of high quality oil bearing Miocene reservoirs.

The company has acquired a 20% interest in the exploration and production licence covering Block 56 onshore Oman.

South Sudan also announced at South Sudan Oil & Power 2019 that it would launch its first ever licensing round in 1Q20, putting up 13 onshore blocks for tender.

The project duration is approximately two months and is scheduled to commence in 4Q19.