Stratic Energy awarded four North Sea blocks in UK 22nd exploration licensing round

Sept. 29, 2004
Stratic Energy (UK) Ltd., the UK-based subsidiary of Stratic Energy Corp., Calgary, has been awarded interests in four blocks in the recent 22nd licensing round covering the UK continental shelf (OGJ Online, June 16, 2004).

By OGJ editors

HOUSTON, Sept. 29 -- Stratic Energy (UK) Ltd., the UK-based subsidiary of Stratic Energy Corp., Calgary, has been awarded interests in four blocks in the recent 22nd licensing round covering the UK continental shelf (OGJ Online, June 16, 2004).

Blocks 211/12b and 211/13b in the northern North Sea and Block 16/2b in the central North Sea were awarded to Stratic in a 50:50 partnership with Nippon Oil Exploration & Production UK Ltd. Block 3/22, also in the northern North Sea, was awarded to Stratic at 100% interest.

The blocks were awarded under the "Promote License" initiative, introduced by the UK licensing authorities in 2003 (OGJ Online, Aug. 12, 2003).