HI Bundabum your welcome
My understanding is that they are in possesion of previously shot seismic, they may well intend to shoot new seismic in order to refine the targets, but as i said before they wont commit to the expenditure until the renewal is in.
It may be that they have 2d seismic and may opt to shoot 3d, whatever the case i am 100% sure that they already have a raft of likely targets that do include shallow oil
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