RGT - ROCKSOURCE AGREEMENT UKCS P1067, BLOCK 211/22B
Rocksource ASA has entered into an Earn-In Agreement with DNO UK Ltd. (`DNO`) regarding the drilling of the exploration well on the Jaguar prospect planned to be spudded around mid January 2006.
Rocksource will through this transaction acquire a 10% share in P1067 from DNO and Rocksource will be funding 15.42% of the costs of drilling the well.
The transaction is subject to approval by the UK authorities.
Following completion of this transaction and given approval by the authorities, the partners in PL 1067 are:
DNO: 50 % (Operator)
Elixir: 40 %
Rocksource: 10 %
Unrisked resource potential has a most likely estimate of 138 million barrels - which is 13.8 million barrels net to Rocksource.
Oslo, 30 November 2005
Rocksource ASA
Martin Bekkeheien - CEO
Telefon: +47 95 72 42 31
Published: 30.11.2005
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