Bontan Corporation announces completion of 2D and 3D seismic surveys in the Levantine Basin, offshore Israel

Bontan Corporation Inc. is pleased to announce that WesternGeco, a business unit of Schlumberger, has completed a 3D seismic survey on the Mira and Sarah Drilling Licenses and a 2D survey on the Benjamin Exploration Permit totaling 2,668 square kilometers in the Levantine Basin, 40 kilometers off the west coast of Israel. The licenses and permit are owned 95.5% by Israel Petroleum Company, Limited (IPC), in which Bontan owns a 75% interest.