Pertra Sells 20% in PL 337 to Revus Energy

Pertra ASA and Revus Energy ASA have signed an agreement whereupon Pertra will sell 20 percent of PL337 to Revus. The transaction stipulates that Revus transfers the right to utilize one of the company's slots for the Bredford Dolphin to Pertra.

PL 337 is located north of the Varg field and covers parts of blocks 15/12 and 16/10. Pertra is operator of the license and plans to drill the Gaupe prospect in summer 2007 with the jack-up "Maersk Giant".

The agreement is contingent upon the approval from Norwegian authorities.

After the purchase of Marathon share in PL 337 and the sale to Revus, the PL 337 has the following owners:

Pertra, Operator: 45%
BG: 25%
Revus: 20%
Talisman 10%

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