PAR contracts rig for Danish wells

PA Resources (PAR) plans to drill two exploration wells this spring on it Danish North Sea license 12/06.

Offshore staff

STOCKHOLM Sweden -- PA Resources (PAR) plans to drill two exploration wells this spring on it Danish North Sea license 12/06.

The wells will target the Lille John and Broder Tuck structures. A geological survey of the drilling site has been completed, and a contract signed with Ensco for a drilling rig. Preparations for drilling and equipment procurement are on schedule.

PAR says the results of these wells will help it evaluate prospectivity of its recently awarded license B20008-73 across the North Sea median line in the German sector.

02/17/2011

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