PA Resources announces German licence farmout
PA Resources has farmed out a 10% interest in German licence B20008/73 adjacent to the PA Resources operated Danish licence 12/06 in which the Broder Tuck and Lille John discoveries were made in 2011.PA Resources today announces that subject to the necessary regulatory approvals, its subsidiary PA Resources UK Limited has farmed out a 10% interest in Licence B20008/73 offshore Germany to Danoil Exploration A/S. After the farmout PA Resources will retain a 90% interest. Licence B20008/73 lies partially adjacent to PA Resources operated Danish licence 12/06 (PA Resources 64%, Danoil 8%) in