Following the award of the F.R 43.GM exploration permit in December 2018, Global MED is seeking partners for its Ionian Sea acreage composed of the F.R 41.GM, F.R 42.GM and F.R 43.GM contiguous exploration permits ahead of a 676-km 2D seismic survey. The company is also seeking partners for its freshly awarded (December 2018) blocks located on the maritime border with Greece in the Ionian Sea (F.R 44.GM and F.R 45.GM) to finance a 300-km 2D seismic survey.  Global MED was awarded the 748-sq km F.R 41.GM and the 749-sq km F.R 42.GM blocks on 15 December 2016 for six years and the F.R 43.GM block on 7 December 2018 . The main objectives in the area are the Mesozoic carbonates (Upper Cretaceous), thermogenic gas within the tertiary flysch (foredeep) being a secondary objective. Water depths are ranging from 1,000 m to 2,000 m.  The 745-sq km F.R 44.GM and the 749-sq km F.R 45.GM exploration permits were awarded to Global MED on / December 2018. The contiguous blocks are adjacent to Block O2 operated by Total in the Greek waters. Objectives in the area are the Cretaceous to Eocene carbonates of the Apulian Platform. Water depths range from 400 m to 1,100 m.  Global MED LLCÂ holds a 100% operating interest in the five exploration permits.    For further information please contact the following:    Randall Thompson, Managing Director    Global MED LLC    6901 So. Pierce St., Suite 390    Littleton, Colorado 80128 USA    Tel: +1 303 507 8886    Randallct@cs.com
Following the award of the F.R 43.GM exploration permit in December 2018, Global MED is seeking partners for its Ionian Sea acreage composed of the F.R 41.GM, F.R 42.GM and F.R 43.GM contiguous exploration permits ahead of a 676-km 2D seismic survey. 