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Encouraging results from Morian 3

Rocksource ASA Group (`Rocksource`) is pleased to announce that the deepening of the Morian 3 well is now completed. The well has been logged, and the logs indicate hydrocarbons in a previously untested zone. “The deepening of the Morian 3 well was announced on the 13th of February with the target of increasing the reserve and production potential. The results from the logs are very encouraging, and we expect to put the well into production shortly” comments Jacob Sannes, CEO of Rocksource’s US subsidiaries Rocksource Energy Corporation and Sandhawk Energy LLC.

The drilling rig is now being moved to the Morian 5 location and this well is expected to spud by the end of the week.

Oslo, 15.3.2007
Rocksource ASA

Trygve Pedersen
CEO
+47 90 09 77 41

Published: 15.03.2007

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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

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