Noreco has commenced drilling the wildcat 6608/10-16, targeting the Verdande prospect in PL484, Norwegian Sea. The well is being drilled by the rig Bredford Dolphin and is likely to take 68-81 days.
The main objective is to find hydrocarbons in sandstones of Jurassic age.
PL484 ownership: Noreco (30%, operator), Dana Petroleum (30%), Explora Petroleum (30%) and E.ON (10%).
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.