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.
Press Release, September 12, 2012