Jimmie Aung Khin Afka Co. Pte. Ltd. Singapore Daniel Johnston Daniel Johnston & Co. Inc. Dallas Following licensing efforts in 1989-90, Myanmar has been gearing up with activity both onshore and offshore. The industry gave a strong response to the first round of exploration licensing. Fig. 1 shows the location of the various license areas (Table 4 summarizes license statuses). Signature bonuses paid for the first nine onshore blocks came to $46 million, and the combined minimum work commitment for the 3 year exploration period was $363 million. The license awards in the first round carried fairly agg...

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