Noreco awarded three licenses in APA 2010
(Thomson Reuters ONE) -
Stavanger, 19 January 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR) has
been awarded three new licenses in the 2011 Awards in Predefined Areas (APA) in
Norway.
- We are very pleased with these awards which allow Noreco to continue our
expansion on the Norwegian Continental Shelf. The new licenses represent
valuable additions to our existing near term exploration portfolio, says
Noreco's CEO Scott Kerr.
The new license PL348B covers an extension of the existing license PL348,
containing the Gygrid discovery, and where additional prospectivity has been
identified.
License PL360B is adjacent to PL360 and contains part of the Lupin prospect
where an exploration well is being planned for drilling this year.
The third license awarded was PL591, which is located in blocks 6507/8, 9 and
11. The identified prospects are in a Middle Jurassic Fangst Group play. Spring
Energy is the operator with 60% and Noreco has the remaining 40%. The area
comprises several mapped prospects and leads with a gross potential of more than
100 million barrels of oil equivalents.
For further information, please contact:
Scott Kerr, CEO (+47 992 83 890)
Kjetil Bakken, Investor Relations Manager (+47 918 89 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
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other applicable laws; and
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originality of the information contained therein.
Source: NORECO via Thomson Reuters ONE
[HUG#1480680]
Unternehmensinformation / Kurzprofil:
Datum: 19.01.2011 - 09:01 Uhr
Sprache: Deutsch
News-ID 50554
Anzahl Zeichen: 2090
contact information:
Town:
Stavanger
Kategorie:
Business News
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