Revus Farms-in to Lundin Operated License PL338



Revus Energy has entered into an agreement with Lundin Petroleum to acquire a 30 percent interest in PL 338 in block 16/1 offshore Norway.

The license plans include a firm commitment to drill the Luna prospect with the recently contracted rig, Bredford Dolphin, most likely in this year's fourth quarter.

Tim Sullivan, CEO of Revus commented: "This adds an exciting opportunity to our 2006 exploration program, part of an extensive long-term exploration and appraisal drilling campaign."

Tim Sullivan, CEO of Revus commented: "This adds an exciting opportunity to our 2006 exploration program, part of an extensive long-term exploration and appraisal drilling campaign."

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