Confirmation of UK and Norwegian Licensing Awards

 

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: [phone] 
                                                 Email: 
[e-mail] 
Genesis Petroleum Norway AS 
Michael Haagaard                             Tel: [phone] 
                                                 Email: 
[e-mail] 
 
 
Pelham 
Charles Vivian                                   Tel: [phone] 
                                                 Email: 
[e-mail] 
 
 
Evgeniy Chuikov                               Tel: [phone] 
                                                 Email: 
[e-mail] 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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