Dong Hopeful with Ipswich Exploration Well

Ipswich exploration well, 1/3 - 11, which is operated by Dong Energy, has shown indications of hydrocarbons. The well is still in operation and further data will have to be collected before any conclusions regarding the presence of movable hydrocarbons can be made.  The well is located in the North Sea.

PA Resources has a 30% interest in PL 274, together with Dong Energy (operator, with 40%), Revus (15%) and Noreco (15%).