Nordic Energy PLC provides an update on its 80% owned Danish Licence 1/13 (‘the Licence’). The Licence, acquired by Nordic during September, 2013, is the largest exploration and production licence in the Danish North Sea, covering 3,600 sq km.

As detailed in the Company’s announcement on 4 September 2013, previous exploration activities have occurred on the Licence, including two wells drilled in the 1970s. The results of these activities which identified ten large prospects were documented by a previous licence holder in two Competent Person’s Reports (‘CPR’) released in 2010 and 2011, both of which are still in the public domain.

Tags: Nordic Energy