CSEM acquisition on the Cyclops prospect completed
Rocksource ASA (“Rocksource”) is pleased to announce that we have acquired a CSEM (Controlled Source Electromagnetic) survey over the 100% owned and operated Cyclops prospect in PL 456 (parts of blocks 17/6 and 17/9) on the Norwegian Continental Shelf. The prospect is estimated to contain 100 million barrels of recoverable oil. The prospect is located just north of the Bream and Brisling discoveries and is part of the same play.
The CSEM data will now be processed and interpreted in Rocksource’s proprietary software. The results will then be integrated with our other geological and geophysical data to support the decision to move on to the next phase of the work programme.
Business Unit Manager for Norway/UK, Ole J. Østvedt, states: “This is an exiting opportunity with a significant value potential for Rocksource. Given an encouraging outcome we will pursue this through an aggressive exploration program. Rocksource has already secured a drilling rig which can be used for drilling an exploration well on Cyclops”.
Oslo, 18.9.2008
Rocksource ASA
Trygve Pedersen
CEO
+47 90 09 77 41
Published: 18.09.2008
Contact Information
Address:
Thormøhlensgate 53 D
Postboks 994 Sentrum
N-5808 Bergen
Norway
| Phone: | +47 05369 |
| From abroad: | +47 21 49 32 69 |
| Fax: | +47 55 36 87 98 |
Per Anders Muri
VP Corporate Communications
Phone: +47 91 11 61 21
per.anders.muri@rocksource.com