The Perth Licence co-venturers in Block 15/21a, DEO Petroleum UK Limited, Faroe Petroleum UK Limited, Maersk Oil UK Limited and Atlantic Petroleum UK Limited (together the "Perth Group") are pleased to announce that they have reached commercial agreement with the Block 15/21g co- venturers, EnCore Oil plc, Nautical Petroleum plc and Serica Energy (UK) Limited (together the "15/21g Group"), on the amalgamation of a sub area of 15/21a with Block 15/21g to create a single conjoined area (the "Amalgamated Area").

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