Report first half year 2010

The company increased the equity share in PL 396 from 10 % to 30 % during spring 2010. The focus in the other licenses has been to prepare for drill/drop decisions, and planning for seismic surveys to be conducted during summer 2010.

The company has actively been involved in the nomination of blocks for the 21. Round. A project has been initiated in order to evaluate potential blocks for the application taking place during fall 2010.