Spring Energy awarded 5 licences in the APA 2010 Round

As announced by the Norwegian Ministry of Petroleum and Energy on 18 January 2011, Spring Energy has been awarded 5 licenses in the APA 2010 Round, which includes 2 licenses where the Company is an operator for the first time. Both the operated licenses are located in the Norwegian Sea.

Spring Energy is very pleased with all the awards and this is another important step forward in the growth of the Company.

Following this award, Spring Energy now holds a total of 24 licenses on the NCS.