Valiant, Dana complete transaction

Valiant Petroleum has completed the acquisition of various UK North Sea interests from Dan Petroleum (E&P).

Offshore staff

WOKING, UK -- Valiant Petroleum has completed the acquisition of various UK North Sea interests from Dan Petroleum (E&P).

These comprise 50% of license P.212, block 211/8a and license p.296, block 211/13a Rest of Block - including the Penguin field, but excluding Penguin West and Penguin East.

The blocks include the undeveloped Banquo and Helena discoveries. Valiant now holds a 100% interest in the assets.

06/18/2009

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