Rocksource Farms In to License in Norwegian Sea
Source: www.gulfoilandgas.com 9/12/2012, Location: Europe
Rocksource ASA announces that the Company has entered into a farm-in agreement for a 15 per cent stake in a Production License in the Norwegian Sea. The license partnership is expected to take a drill or drop decision later this fall. If a positive drill decision is reached, an exploration well could be drilled in 2013.
The license includes low to medium risked prospectivity, mapped by Rocksource as oil prospects. A potential discovery could be tied back to existing, nearby infrastructure.
More details on the specific license and prospect details will be announced in due course. A final agreement is pending government approval.