17. Detailed seismic surveying of anomalies 



18. Evaluation of seismic data 



2.6 19. Submission of offer for leases 



20. Negotiation of terms 



21. (In foreign country, registration of 



business entity) 



22. Selection of base of operations 



23. Updating of economic studies 



3.7 24. Determination and elimination of roadblocks 



25. Start-up of research 



26. Acquiring, equipping, and staffing of 



operating base 



27. Installation of communications system 



28. Determination of number of exploratory 



wells to be drilled 



4.6 29. Selection and negotiation with drilling 



contractor and determination of type of 

 rig required 



30. Arranging for other services needed for 



exploratory drilling (support craft, 

 helicopter services, and 

 all types of supplies) 



31 . Drilling of wells 



32. Analysis of drilling results to assess 



need for additional seismic surveys 



33. Review of geological data and estimating 



of reserves 



34. Drilling of confirming or appraisal wells 



35. Securing of soil and sea bottom samples 



36. Obtaining of oceanographic data 



36 



