Noreco sells exploration license PL411 interest

Nov. 6, 2008
Noreco has signed an agreement with Spring Energy to farm-out of exploration license PL411 in the Stord basin in Norway.

Offshore staff

STAVANGER, Norway -- Noreco has signed an agreement with Spring Energy to farm-out of exploration license PL411 in the Stord basin in Norway.

The license was awarded in the APA2006 round. Noreco is the operator of the license, and will have a 70% interest after the transaction.

11/06/2008