Rocksource Farms Into Norwegian Sea Licence

Rocksource Farms Into Norwegian Sea Licence

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.

The company said it would provide more details on the specific license and prospect details in due course.

[mappress]
Press Release, September 12, 2012

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