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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pilbara Minerals Limited | TG:PLR | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0494 | -2.70% | 1.7822 | 1.7632 | 1.813 | 1.8276 | 1.7654 | 1.8276 | 12,094 | 22:50:00 |
RNS Number:4695K Paladin Resources PLC 29 April 2003 Paladin Resources plc ("Paladin", "the Company" or "the Group") Award of Three Production Licences in the Norwegian North Sea Paladin Resources plc announces that its wholly owned subsidiary, Paladin Resources Norge AS ("Paladin"), has been awarded three Production Licences comprising four exploration blocks in the Norwegian North Sea Awards 2002, which were announced on 28 October 2002. The awards to Paladin are as follows: A 30 per cent interest in Blocks 4/1 and 4/2 (PL 288) - these blocks are located adjacent to the Norwegian- Danish median line approximately 15 to 20 km north of the Nini Field which is currently being developed as a satellite to the Siri Field (Paladin Oil Denmark Limited 30 per cent). Paladin's partners in these blocks are DONG (operator with 40 per cent), and Statoil (30 per cent); A 30 per cent interest in Block 3/7 (PL 289) - this block is also located adjacent to the Norwegian-Danish median line. Paladin's partner in this block is DONG (operator with 70 per cent); and A 20 per cent interest in Block 31/4 (PL 291) - this block lies immediately to the east of the Brage Field, in which Paladin holds a 20 per cent interest. Paladin's partners in this block are the Brage Field partners, with Norsk Hydro as operator (20 per cent). There are no firm drilling commitments associated with the licence awards; in each instance, the committed work programme involves the reprocessing and interpretation of existing seismic data prior to a decision on whether or not to commit to the drilling of an exploration well. Roy Franklin, Chief Executive of Paladin Resources plc commented: "This is another encouraging step forward in the development of Paladin's Norwegian business. These blocks offer attractive satellite exploration potential adjacent to producing fields with existing Paladin interests." 29 April 2003 Enquiries: Paladin Resources plc Roy A. Franklin, Chief Executive Tel: 020 7024 4500 College Hill James Henderson/Phil Wilson-Brown Tel: 020 7457 2020 This information is provided by RNS The company news service from the London Stock Exchange END MSCDVLFLXZBZBBB
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