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Consent to conduct exploration drilling with Mærsk Gallant in block 2/5

Consent: Lundin Norway AS (LNAS) has been granted consent to conduct exploration drilling of well 2/5-14 S and drilling of sidetrack 2/5-14 A using Mærsk Gallant.

Location of the well

The well is located in the southern North Sea approx. 255 km southwest of Egersund (see map) and has the following geographical coordinates:

N 56° 36' 25.9",  E 03° 26' 02.4".

Mærsk Gallant is operated by Maersk Contractors Norge A/S. The facility received an Acknowledgement of Compliance (AoC) in August 2007.

The drilling is planned to start in the middle of October 2008. The activity will have a duration of 100-124 days, including any production testing.