Revus Wins Approval for Gaupe Farm-in

Revus Energy

Revus' transaction with Pertra is now approved by Norwegian authorities.

Both the Ministry of Petroleum and Energy and the Ministry of Finance have now approved Revus Energys purchase of a 20 % share of PL 337 from Pertra.

The new composition of owners in PL 337 is as follows: Pertra 45 % (operator), BG Norge 25 %, Revus Energy 20% and Talisman Energy 10 %.

PL 337 is situated north of the Varg Field. The operator plans to drill the Gaupe Prospect in PL 337 during the summer of 2007 using the rig Maersk Giant.