This license is in the southern part of the North Sea and lies in the vicinity of the existing PL 441.
The license group consists of:
Noreco (operator), 40%
Det norske Oljeselskap AS, 40%
Rocksource ASA, 20%.
Comprises an initial period of 6 years, divided into three phases:
• Phase 1 (3 years):A minimum of 400 km2 of 3D seismic will be acquired. After three years a decision to drill or relinquish the license will be made.
• Phase 2 (2 years): After the first well has been drilled a decision to relinquish or continue will be made.
• Phase 3 (1 year): Submit PDO or relinquish.
Prospect evaluation is complete. A drill or drop decision will be made within February 28th 2011.

Map showing PL451 and surrounding fields.
Last update: December 2010
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