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SUCCESSFUL AWARD IN APA 2009 (19 JANUARY 2010)

As announced by the Norwegian Ministry of Petroleum and Energy on 19 January 2010, Spring Energy has been awarded 4 licenses in the APA 2009. One of the awarded licenses has a firm well commitment.

Following this, Spring Energy now holds a total of 24 licenses on the NCS.

For more information abouth the award, follow this link to NPD.

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Fast facts

Spring Energy is an independent, upstream oil and gas company focused on the Norwegian Continental Shelf.

Founded in late 2007, the Company has, through license applications, farm-in transactions, acquisitions and swaps, built a considerable portfolio of exploration and appraisal assets. The Company's portfolio provides a balanced spread of risk and reward, encompassing 32 licenses, including 3 as operator and one producing field. It has a small highly experienced technical and commercial team based in Oslo.