Agora cements stake in licenses offshore Norway

Bridge Energy Norge has completed a 15% farm-down in production licenses PL497 and PL497B offshore Norway to Agora Oil & Gas.

Offshore staff

ASKER, Norway --Bridge Energy Norge has completed a 15% farm-down in production licenses PL497 and PL497B offshore Norway to Agora Oil & Gas.

After the transaction Bridge holds a 15% interest in the permits. Agora will carry a large share of Bridge's costs for the current exploration well 7/11-13 on the Geite prospect.

9/28/2012

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