Revus Acquires Stake in PL377S from Idemitsu

Revus Energy has signed an agreement with Idemitsu Petroleum Norge AS to acquire a 30% interest in PL 377S located in block 35/7.

The license was awarded 100% to Idemitsu in APA 2005 and Revus will take over 30% effective from date of license award on groundfloor terms. The transaction is subject to approval from Norwegian authorities.