Malta Southern Offshore (10% LGO)
- High potential exploration play in highly prospective oil and gas basin in proximity to Tunisia and Libya active petroleum basins
- Major seismic interpretation executed on the 5700 sq km PSC area
- Identified four prospects and five leads with gross mean 2P STOIIP of 5 billion barrels and recoverable reserves of 1.475 billion barrels
- PSC signed with the Maltese Government to drill well on Area 4 (South Offshore Malta) to depth of 2500m. Currently targeting high chance of success drilling locations