Cairn Bids Places Bid in Phase 2 of Disko West Round

On the first day of phase 2 of the Disko West licensing round offshore West Greenland Cairn Energy PLC submitted applications for two of the remaining license blocks. The Bureau of Minerals and Petroleum has started processing the applications.

Applications in phase two will be processed in the order that they are received. Evaluation of applications in phase 2 will be based on the same criteria's as in phase 1.

The 2 phase of the Disko West Licensing Round opened formally August 1, 2007. Applications for the blocks (nos.1, 2, 3 and 8) can be submitted until February 1, 2008. Prior to this Husky Oil Operations Limited has been awarded the licenses blocks 5 and 7 of the first phase of the licensing round. Award of blocks 4 and 6 will be addressed at the next meeting of the Joint Committee on Mineral Resources in Greenland.

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