SPEx Managing Director Don Paulino earlier said the group can still provide between 60 percent and 100 percent of the current demand for natural gas by 2022 due to a depletion compressor that was installed.
An industry source confirmed that SPEx is looking at three to four areas for possible exploration of gas.
Spex earlier indicated that it has been eyeing action from government on its license extension bid - at least by year 2015.
Nevertheless, given that talks have not even formally rolled yet, the Spex executive emphasized that timeframe targets may skid but "we're not giving up."
Petilla previously told media that they have been waiting for Spex to make its 'definitive proposal' on the license extension for the Malampaya field's continuing commercial operations.