The company plans to carry out an Ocean Bottom Node (OBN) Hi Resolution 3D / 4D baseline seismic
survey to be used in exploration and development of offshore oil and gas resources in its license areas of OML
139 and OPL 223 blocks offshore the southeast coast of Nigeria. The survey is expected to begin no later than Q4
2019 and complete by Q1 2020. Anticipated contract term is two (2) years with a one (1) year optional extension period.