SEL 1/07 was awarded to the Company in February 2007 (100%), having previously being held under a Licensing Option authorisation. The licence is situated on the Irish/UK median line in the St George’s Channel. Having relinquished the adjacent UK licence (P 1930) due to limited resource potential, based on reprocessed PSDM 3D seismic data, the Company is addressing the future status of the Irish licensing authorisation with the Irish regulator.