M Vest Energy is increasing in PL 528

M Vest Energy has conducted a swap with Point Recourses regarding participating interest in two exploration licenses, valid from 20.01.2017

M Vest Energy´s share is 15 % in PL659 (Barents Sea) is swapped in exchange for ten – 10 % in PL528 (The Norwegian Sea), where the company´s share is now 19 %.

«This transaction is well suited for M Vest Energy, considering the competence our team has gained in The Norwegian Sea. In these terms, we are delighted to strengthen our proximity to the Aasta Hansteen-field , as well as to the infrastructure that is currently under development in the area», says Susanne Sperrevik, Director of Business Development and Exploration in M Vest Energy.