Rocksource in Norway farm-in negotiations

Offshore staff

OSLO, Norway – Rocksource has entered into agreement for a 15% interest in an unnamed production license in the Norwegian Sea.

The existing partners are expected to make a drill or drop decision later this fall. If the outcome is positive, an exploration well could follow next year.

Mapping suggests the license includes low- to medium-risk oil prospects. A potential discovery could be tied back to existing infrastructure nearby.

Final agreement is pending approval from Norway’s government.

9/12/2012

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