Offshore staff

LONDON --Valiant Petroleum has secured a 50% interest in block 211/17 in the UK's 24th offshore licensing round. Petrofac Resources is operator of the block, which is adjacent to Valiant's existing acreage.

Valiant recently raised $28 million, which it plans to commit to drilling and development activity in the greater Don area in the northern UK North Sea. The company's license interests in this region include the West Don, SW Don, Halibut High, and West Magnus prospects.

02/22/2007