ROCKSOURCE FARMS IN TO LICENSE IN NORWEGIAN SEA
9/12/2012 4:00 AM EST
Rocksource ASA ("Rocksource" or "the Company")
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.
Oslo, 12.9.2012
Rocksource ASA
Per Anders Muri
VP Corporate Communications
+47 91 11 61 21