RGT CONSIDERS OWNERSHIP INCREASE IN GHANA-CONSORTIUM
Reference is made to the stock exchange notice of 27 October 2005.
Rocksource has a 30% share in a consortium seeking for E&P licenses offshore Ghana. Proven reserves are estimated to 75 million barrels of oil and 700 bcf of gas, and existing seismic data shows several interesting unexplored prospects within the license area.
The consortium is in dialog with an oil company with operator ship that will replace Sun Group and Itera Oil and Gas Company`s 50% share in the consortium after their notification that they will not pursue the application for concessions in Ghana. Rocksource is considering increasing its share in the consortium as a consequence of this. Rocksource is of the opinion that the above mentioned changes will trengthen the consortium`s position to be awarded the concessions.
Oslo, 20.12.2005
Rocksource ASA
Martin Bekkeheien - CEO
+47 95 72 42 31
Published: 22.12.2005
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