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Atlantic Petroleum announces further four licences offered for award in the UK 27th Round


Published Dec 2, 2013
Atlantic Petroleum-2

Atlantic Petroleum says that Atlantic Petroleum UK Limited (a wholly owned subsidiary of P/F Atlantic Petroleum) has been offered for award a further four licences in the UK 27th Round. The licence details are as follows:

◾ Blocks 42/2 (split), 42/3 (split), 42/7, 42/8b and 42/9b. Centrica Resources Limited (Operator) 45%, Atlantic Petroleum UK Limited 10%, and GDF Suez E&P Ltd 45% ◾ Blocks 42/21 and 42/22 (split). Centrica Resources Limited (Operator) 90% and Atlantic Petroleum UK Limited 10% ◾ Block 43/12. Centrica Resources Limited (Operator) 90% and Atlantic Petroleum UK Limited 10% ◾ Blocks 43/29 (part), 43/30b (part), 48/4b (part), 48/5 (part) Centrica Resources Limited (Operator) 40%, Atlantic Petroleum UK Limited 20% and Holywell Resources Limited 40%

These four licences together with the four licences awarded in 2012 in the first tranche bring the total 27th Round awards to eight. Atlantic Petroleum applied for nine licences.

The application for licenses in the UK 27th Round has been described in the Prospectus published on the 26th November 2013 in connection with the offering and listing of the Company's shares on Oslo Børs.

Tags: Atlantic Petroleum




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