Scandinavian Oil-Gas Magazine

http://www.scandoil.com/moxie-bm2/news/rocksource-farms-in-to-license-in-norwegian-sea.shtml

Rocksource farms in to license in Norwegian sea

Rocksource ASA has entered into a farm-in agreement for a 15 per cent stake in a Production License in the Norwegian Sea.

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Rocksource provides 2008 year-end production target

Rocksource ASA 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.

Tags: Rocksource ASA