Maersk Commences Drilling at Gita Prospect Offshore Denmark

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Noreco has reported that exploration drilling on the significant Gita prospect offshore Denmark has started.

The well is being drilled by the rig Ensco 101, and the planned total depth for this vertical well is 5,200 meters. Noreco's resource estimate for the well is 433 million barrels of oil equivalents gross. Results from the drilling are expected in first quarter 2009. Noreco owns 12% of the license, and Maersk Oil & Gas is the operator.

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