Louisiana Project The SLA-1 project is located in Terrebonne Parish, South Louisiana. The basin has been prolific for almost 100 years with over 90 Tcf and 7.6 Bbbl of produced gas and oil. Recent discoveries confirm that it continues to have significant potential resources. Three different Miocene age levels are proposed as objectives: Levert, Lower Barnhart and 1st and 2nd McCulla. They are interpreted as interslope fan complex with some submarine meandering channels. The SJ1 discovery well in 2012, confirmed the Direct Hydrocarbon Indicator from 3D seismic data with the target reservoirs and corresponding amplitude maps. Overall estimated recoverable volumes from the leased areas are 208 BCF and 1.9 MMBO (P10) and 534 BCF and 6.5 MMBO (P90). A side track from SJ1 well is planned to be drilled at depth of ~7400 feet, targeting the Barnhart and 1st Mc Culla formations.