Confirmation of UK and Norwegian Licensing Awards
15 6월 2009 - 8:56PM
UK Regulatory
TIDMGPC
RNS Number : 9048T
Genesis Petroleum Corporation PLC
15 June 2009
Genesis Petroleum Corporation Plc
("Genesis" or "The Company")
Confirmation of UK and Norwegian Licensing Awards
Genesis is pleased to announce confirmation of the award of Frontier Licence
P1639 in relation the UK 25th Seaward Licensing Round. The Licence which
comprises 9 blocks and extends to 1757 Km2 has now been awarded to the Company's
subsidiary Genesis Exploration & Production Ltd. (which will act as Operator),
on a 100% basis.
In Norway, all formalities have now been completed in respect of the NOCS Blocks
6201/11 & 12. This award is adjacent to the P1639 UK acreage and contains an oil
and gas discovery. The Company and its partners have committed to drill a well
within three years on this Norwegian Licence.
The Company's other provisional award in the UK 25th Licensing Round relating to
UKCS Block 9/9d has been incorporated into the existing adjacent UKCS 9/9e
(P1410) Licence already held by Genesis and Lundin.
As a result of these confirmed awards, Genesis now holds interests in 6 UK and 6
Norwegian Licences.
Details of the confirmed awards are as follows:
Licence Blocks Interest
Partners
P1639 210/3,4,5,8,9 &10 100% (Operator)
219/29 & 30
220/26
P1410 9/9e and 9/9d 40%
Lundin 60% (O)
PL 519 6201/11 & 12 20%
Lundin 40% (O)
Noreco 20%
Spring Energy 20%
Commenting on the awards, Michael Haagaard, Chief Operating Officer said:
"I am very pleased with confirmation of these awards which give the Company its
third operatorship in the UK and bring clarity to our 25th Round applications.
The new operatorship together with the adjacent Norwegian licence is of
significant strategic importance and will add new play concepts with significant
potential to an already exciting project portfolio."
15 June, 2009
ENQUIRIES:
Genesis Petroleum Corporation Plc
Gerry Harrison Tel: +44 (0) 1959 567450
Email:
mail@genesis-petroleum.com
Genesis Petroleum Norway AS
Michael Haagaard Tel: +47 66 76 9800
Email:
mail@genesis-petroleum.com
Pelham
Charles Vivian Tel: +44(0) 20 7337 1538
Email:
charles.vivian@pelhampr.com
Evgeniy Chuikov Tel: +44 (0) 20 7337 1513
Email:
evgeniy.chuikov@pelhampr.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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