News from 2010

Front Exploration AS has recently employed Ph.D. student Tom Arne Rydningen as part of “The Research Council of Norway Industrial Ph.D. scheme”. The University of Tromsø will be Rydningen formal educating institution.

Lately these fine men have joined Front Exploration

Front Exploration AS has submitted the application for the 21. Round on the Norwegian Continental Shelf.

Increased acreage for the APA2010 compared with the announced areas for APA09 implies that more prospective acreage have been available for this application.

Front Exploration AS i Tromsø får tilført kapital fra DONG Energy.

Successful acquisition of electromagnetic data in the Barents Sea.

Front Exploration AS participates in several 3D acquisitions in the Norwegian Sea/North Sea this summer.

Front Exploration has at present 16 employees and 2 consultants. During 2010 an increase of the work force to approximately 18-20 employees is foreseen. Further growth and development in the organization will continue according to increase in license portfolio.

See  Career opportunities  for more info.

The General Meeting conducted 22.4.2010,  decided to rename Discover Petroleum AS to FRONT Exploration AS effective from 28.4.2010.

Front Exploration AS øker sin andel fra 10 % til 30 % i PL 396 i Nordkapp bassenget i Barentshavet. Samtidig har Norwegian Energy Company ASA (Noreco) overtatt en eierandel på 50 % og blitt operatør for lisensen. Transaksjonen skjer uten vederlag etter avtale med Front Exploration AS. Petoro har de resterende 20%.