1. Why ? So that the resource industry can tackle grand geophysical challenges (Subsalt, land acquisition, 4-D, CO2, carbonates ……) (Bill Abriel – SEAM board of directors)

2. Who? Funding participants, who also contribute time in critical operations. Organized around a project manager. Data goes public after 2 years. During the 2 year restricted period, access for a license can be arranged through a participant.

3. What and When? Phase I - Clastics and subsalt Phase IB (RPSEA) - Elastic properties / potential fields / MT / CSEM Phase II - Land challenge or 4-D/CO2 Research enabling program for Phase IIB or Phase III

4. Todays Agenda What will SEAM contribute today: Review of Phase I Proposals for Phase II What you are asked to contribute today: FEEDBACK ON INTEREST IN PHASE II Feedback on execution of Phase I