Dana, PAR line up well on Lille John offshore Denmark

PA Resources (PAR) says it has received most of the required approvals to divest a 40% operating interest in license 12/06 in the Danish North Sea to Dana Petroleum.

Offshore staff

STOCKHOLM, Sweden – PA Resources (PAR) says it has received most of the required approvals to divest a 40% operating interest in license 12/06 in the Danish North Sea to Dana Petroleum.

TheNoble Byron Welliver is expected to drill the Lille John 2 appraisal well during 4Q 2014.

Studies continue onBroder Tuck, another discovery in the license. The partners are expected to decide later this year whether to commission more appraisal drilling or proceed straight to development sanction.

In the same sector, PAR expects the partners in the 9/06 Gita license to opt for relinquishment, following a review of remaining prospectivity.

04/16/2014

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