Norway: Valiant Petroleum Announces Chamonix Well Spud

Valiant Petroleum plc announces that drilling has commenced on its first Norwegian exploration well, 6407/5-2S, on PL471 located in the Norwegian Sea.

The well is targeting Chamonix, a potentially large Cretaceous stratigraphic prospect, and the secondary Cortina prospect in the Jurassic. The well is being drilled by semi-submersible rig Borgland Dolphin and is anticipated to take around 60 days to complete.

The partners in license PL471 are OMV Norge (50%, operator), Noreco (30%) and Valiant (20%).

Source:Valiant , July 29, 2011;

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