Searcher Seismic Begins Acquisition of Mialara 2D Survey

Searcher Seismic in cooperation with the Philippines Department of Energy, and in conjunction with SeaBird Exploration, announces that acquisition of the Mialara 2D seismic survey, East of Palawan in the Philippines has started.

The ~5,000 km survey over a 10 by 10 km grid in the Mialara sub-basin includes coverage over the PECR5 bid round blocks 4, 5 and 6.

Acquisition is due for completion in mid-October. Fast track data will be available to ensure ample time for evaluation of the blocks for the PECR5 bidding round.

The Mialara 2D survey follows and provides infill to Searcher’s Pala-Sulu regional multi-client 2D survey which highlighted the prospectivity of the East Palawan basins and provided justification for the more detailed Mialara 2D survey.

The Mialara 2D seismic survey is being acquired in addition to the recently completed Pinatubo 2D survey in West Luzon, which brings Searcher’s total data library in the Philippines to ~19,000 km.

Press Release, September 19, 2014

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