The Netherlands

May 22, 2003
Danish authorities awarded privately owned Denerco Oil AS a 50% interest and operatorship of two North Sea exploration licenses, F9 and G7, covering 500 sq km adjacent to a large German license that Denerco also operates.


By OGJ editors
HOUSTON, May 22 -- Danish authorities awarded privately owned Denerco Oil AS a 50% interest and operatorship of two North Sea exploration licenses, F9 and G7, covering 500 sq km adjacent to a large German license that Denerco also operates.

The UK-based Intrepid Energy North Sea Ltd. has the other 50% of the F9 and G7 licenses.