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Valiant Petroleum announce Tybalt farm out

Tuesday, April 24, 2012
  • The Tybalt well is currently drilling ahead with the Borgsten Dolphin semi-submersible rig, with results anticipated in May.

Valiant Petroleum plc announces that it has signed a Farm Out Agreement with Agora Oil and Gas (UK) Limited in respect of the Tybalt appraisal well, located in Blocks 211/8c & 13c in the UK Northern North Sea. Agora increases its interest in Tybalt to 40% in return for a partial cost carry. Valiant will remain operator with a 60% interest.

The Tybalt well is currently drilling ahead with the Borgsten Dolphin semi-submersible rig, with results anticipated in May.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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