Concedo ASA enters two new licences with drilling 2013

Concedo ASA and Skagen44 AS signed a deal on 3rd April 2013 where Concedo will obtain a 7.5% share in PL 541 located in the southern North Sea close to the Danish border and a 5% share in PL 645 on Haltenbanken, just south of the Heidrun Field. Both licenses contain prospects with interesting potential for oil discoveries. Drilling is planned for 2. half of 2013 for both licences. The deal is pending approval from the Authorities.

More information can be obtained from Geir Lunde, Managing Director of Concedo ASA, Telephone: +47-913 46 553, E-mail: geir.lunde@concedo.no