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Valiant signs a farm out agreement with Agora O&G


Published Apr 25, 2012
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Valiant -Tybalt

Valiant Petroleum has signed a Farm Out Agreement with Agora Oil and Gas (UK) Limited in respect of the Tybalt appraisal well, located in Blocks 211/8c & 13c in the UK Northern North Sea.

Agora increases its interest in Tybalt to 40 percent in return for a partial cost carry. Valiant will remain operator with a 60 percent interest.

The Tybalt well is currently drilling ahead with the Borgsten Dolphin semi-submersible rig, with results anticipated in May.

Tags: Valiant Petroleum Limited



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