Noreco increases ownership in Maja licence
(Thomson Reuters ONE) -
Stavanger, 27 June 2012: Norwegian Energy Company (Noreco) has increased its
interest in the Maja licence (licence 9/95) on the Danish continental shelf from
12 to 16.4 percent, and the licence period has been extended with two years. The
licence contains part of the Gita discovery which was made in 2009. A new
exploration well is now being planned in the licence.
-We are pleased to be able to increase our ownership in this licence. The
discovery from 2009 demonstrates a significant resource potential, and we look
forward to take part in the further exploration of the area, says Noreco's CEO
Einar Gjelsvik.
The increase in ownership takes place at no charge, following a partner's
withdrawal from the licence. Operator for the Maja licence is Maersk Oil with
42.6 percent interest. Other partners are DONG Energy with 27.3 percent interest
and Danoil with 13.7 percent interest.
The licence period for the Gita licence (licence 9/06), which is located next to
Maja, has also been extended by two years. Noreco has 12 percent interest in the
Gita licence.
Contact:
Kjetil Bakken, VP Investor Relations (+47 91 889 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NORECO via Thomson Reuters ONE
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Datum: 27.06.2012 - 03:03 Uhr
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