EOG Awarded Interest in Block Near Buzzard Field

Edinburgh Oil & Gas plc has been awarded block 20/2c in the UK 20th Offshore Licensing Round. The new license is located in the Outer Moray Firth and lies east of the Buzzard oilfield and west of the Ettrick oilfield. The initial exploration program will comprise the acquisition of 3-D seismic data.

Similar to the Buzzard oilfield discovery, EOG will be working with EnCana (U.K.) Limited, the operator of the license with a 50 percent interest. Intrepid Energy North Sea Limited will have a 40 percent interest and EOG a 10 percent interest.

Mr Alf Bissett, Managing Director of Edinburgh Oil & Gas plc said: 'We are pleased with the new award as it is our policy to increase our exploration acreage in this region of the UK offshore to complement our growth through participation in the exciting development of the Buzzard oilfield.'