Press release – 5th August 2008
VALHALLA OIL AND GAS LIMITED
Further award of UK Onshore 13th Round blocks – PEDL 222
Valhalla Oil and Gas Limited has received a further award and will operate a 6-year exploration licence in the UK Onshore 13th Round, covering part blocks SK87 and SK88 in Lincolnshire. Valhalla has a 50% interest in the licence with Europa Oil & Gas plc having the remaining 50%.
The award lies in the East Midlands Basin, only a few kilometres to the north of Valhalla’s existing licence interest in PEDL150. The licence covers an area of approximately 50 sq.klms and contains 4 currently identified leads and prospects and includes the Torksey oil field.