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 volume 13, issue #14 - Thursday, August 07, 2008

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Lundin and partners strike oil and gas in UK North Sea

09-07-08 Revus Energy has confirmed well 21/8-4 as an oil and gas discovery.
The well, which spudded on June 20, 2008, was drilled directionally to test the eastern part of the Torphins prospect in the central UK North Sea sector and penetrated a Palaeocene reservoir sandstone section with a gross logged oil and gas column in the region of 9 meters.

Based on this result, the drilling program will proceed with a further directional well from the same surface location to test the western part of the prospect.
The Torphins prospect is located in license P. 1107, which is operated by Lundin Petroleum. The well is being drilled by the Transocean semisubmersible GSF Arctic II, and partners are Lundin (operator and 40 %), Challenger Minerals (North Sea) (10 %) and Revus Energy (E&P) (50 %).

Source: www.rigzone.com / Revus Energy ASA



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