Sea Oil Public Company updated the results of exploration and production, oil sales and revenue, and future plan as follows; The exploration well L53-DD7 was drilled to the southern end of L53-DD geologic structure aimed to assess the areal extent of oil accumulation of the L53-DD structure after the discovery L53-DD1 drilled in 2019 to the northern end. The well encountered 4 oil-bearing reservoirs with total vertical thickness of 29.9 meters. Pressure test data indicated very slight depletion, suggesting continuation of sand reservoirs throughout the DD structure. The L53-DD7 well was drilled as the last well in the 2020 Phase II drilling program. Earlier wells included L53-BB1 discovered 10.55 meters of net oil from 3 zones, and L53-DD8 with 19.27 meters of net oil from 3 zones. Once the rig is off location, completions will be run on L53-DD7, L53-DD8 and production commenced from these 2 wells in addition to production testing of the L53-BB1 and L53-AA2 earlier discoveries. Total sales of oil produced from L53 for the first half of 2020 was 2,241.52 barrels per day (BOPD), with 49.99% or 1,120.53 BOPD equivalent allocated to Sea Oil, a significant jump from the same period of 2019. Despite the extraordinary volatility of oil price ranging from $18.38 in April to $44.99 in early August and $5.2 million investment on exploration and production activities, the Joint Venture has been operating successfully with profitable returns. Future plan of 2020 includes both exploration and production activities. Phase III drilling program is set to resume near the end of the year with at least 1 exploration well and 1 water disposal well. Production of the latter half of 2020 is set to increase significantly after all discoveries from Phase I and Phase II are completed for production.