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Espehaugen 32 B
5258 Blomsterdalen
Norway

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Espehaugen 32 B
5258 Blomsterdalen
Norway

30 June 2022

PNO: Indications of hydrocarbons in the Bounty well (PL 935)

Reference is made to the stock notice on June 15th.

Upon entering the reservoir, logs and cuttings have given indications of hydrocarbons and a decision has been made to initiate coring. The operations in the reservoir section are still at an early stage and final results are not yet available. More details about the well results will be published by the Norwegian Petroleum Directorate in due course.

PL 935 licence partners: ConocoPhillips Skandinavia AS (Operator and 40%), Petoro AS (20%), Lundin Energy Norway AS (20%) Petrolia Noco AS (10%) and Equinor Energy AS (10%).