Valiant Petroleum plc reports that following the recent announcement by the Department for Energy and Climate Change, it has been provisionally awarded the following blocks in the 26th Seward Licensing Round:

Northern North Sea

Block: 211/11a Valiant Interest: 100% Operator: Valiant

Block: 3/17 Valiant Interest: 33% Operator: Apache Partners: Lundin, Valiant

Central North Sea

Block: 22/18b (Split) Valiant Interest: 33% Operator: PA Resources Partners: First Oil, Valiant

Blocks: 30/6b, 30/11a & 30/12d Valiant Interest: 50% Operator: Valiant Partner: Apache

Blocks: 30/17c, 30/17d, 30/19b, 30/22, 30/23 & 30/24 (Split) Valiant Interest: 100% Operator: Valiant

West of Shetlands

Blocks: 204/14c & 204/19c Valiant Interest: 100% Operator: Valiant

Blocks: 204/21, 204/22b, 204/23b (Split) & 204/26 (Part) Valiant Interest: 100% Operator: Valiant

These traditional licenses are all located in-and-around Valiant's core areas of focus and further details regarding the key prospects contained on the blocks will be provided as part of its operational update to be provided in the coming weeks.

Justin Morrison, Exploration Manager, commented, "With the biggest number of licences awarded among all companies in the latest UK licensing round, Valiant has been again successful in broadening its exploration portfolio in its core areas. The new licenses provisionally awarded to Valiant contain prospects of varied risk/reward profiles, a number of which could be drilled in the near-to-medium term and have the potential to create significant shareholder value. We look forward to sharing further details regarding the key prospects targeted in the awarded blocks with the market in the coming weeks."

Tags: Valiant Petroleum Limited