Loon started negotiations with Syria in June, 2006 for a 25-year deal but the final terms have changed considerably (MEED 16:6:06).

The company now has a first phase exploration period of four years, in which it expects to acquire 600km of 2D seismic survey and drill two exploration wells.

The exploration period can be extended for up to nine years in phases by performing additional work on an agreed basis. Block 9 is located at the northern edge of the Homs basin, which contains the large Palmyra, Cherrife Da and Ash Shaer fields.