Rocksource to run Norway CSEM survey

Rocksource will run a CSEM (controlled course electromagnetic) survey to test the Cyclops prospect in PL 456.

Offshore staff

OSLO, Norway -- Rocksource will run a CSEM (controlled course electromagnetic) survey to test the Cyclops prospect in PL 456. The license covers block 17/6 and part of block 17/9 on the Norwegian continental shelf.

The acquisition is expected to occur in late 3Q 2008 and the data will be analyzed using Rocksource's proprietary software. Then Rocksource will decide if it will acquire 3D seismic over the prospect. A drilling decision will be based on the CSEM and seismic data, with the goal of drilling in the first half of 2010.

The Cyclops prospect is located just north of the Bream and Brisling middle Jurassic oil discoveries. Rocksource was awarded the license as part of the APA 2007 and holds 100% interest.

07/16/2008

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