Apache Spuds Tryfan Well in UK North Sea

Valiant Petroleum plc announces that drilling has commenced on the Tryfan prospect (Valiant, 33.33%) located in UK Block 3/17 and operated by Apache North Sea Limited.

Tryfan is an Eocene channelized sand play in the UK Northern North Sea which benefits from a strong seismic amplitude response. Tryfan has gross prospective resources estimated internally by Valiant to be 24 mmboe (net 8 mmboe). The well is estimated to take around 25 days to complete.

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Source: Valiant Petrolem, June 14, 2012