Concedo ASA is awarded in the APA 2012 Round

Concedo ASA is pleased with the recent awards in the APA 2012 Round. The Licenses awarded to Concedo are :

1. 20% share of PL 670 in blocks 7/11 and 7/12. Other partners are Spring Energy Norway AS (Operator 30%), Faroe Petroleum Norge AS (25%) and Centrica Resources Norge AS (25%).

2. 40% share of PL 680 in blocks 31/6, 32/4, 32/5 and 32/7. Operator of the license is Spring Energy Norway AS with 60%. See the below map for more details.

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