Jun. 2012 - Noreco has increased its interest in the Maja License (9/95) on the Danish Continental Shelf from 12 to 16.4 percent, and the license period has been extended for two years. The license contains part of the Gita discovery which was made in 2009. A new exploration well is now being planned in the license. The increase in ownership takes place at no charge, following a partner's withdrawal from the license. Operator for the Maja license is Maersk Oil with 42.6 percent interest. Other partners are DONG Energy with 27.3 percent interest and Danoil with 13.7 percent interest.

Jun. 2012 - The Danish Energy Agency has extended PA Resources Licenses 12/06 and 9/06 by two years. License 12/06 is operated by the company with a 64% interest; and license 9/06 is operated by Maersk, wherein the company has a 26.8% stake. The 12/06 permit contains last year's Broder Tuck gas/condensate and Lille John oil discoveries. PAR plans to drill an appraisal well at Lille John and is negotiating a drilling management contract. In 2009, the Gita 1X-well in license 9/06 encountered indications of hydrocarbons in the Middle Jurassic high-pressure/high-temperature (HP/HT) secondary target, but with low permeability. Subsequent studies have not lowered the producibility risk. There is no well commitment but a decision regarding drilling must be made by October 2013. In the meantime, further subsurface studies will be performed to evaluate prospectivity at Upper Jurassic and shallower Cretaceous and Tertiary levels.

Feb. 2012 - Late last year, Maersk Oil commenced a seismic reprocessing campaign over the Gita discovery in the Denmark sector of the North Sea. The reprocessing campaign, involving four different surveys, was aimed at pre-stack depth migration to improve depth imaging. The campaign ended but the geologic re-interpretation is on-going. When the updated geologic models are ready, planning of wells will start with the aim to appraise the Gita discovery and unlock further potential in the license by 2013. Gita, discovered in 2009, spans across two licenses in 161 feet (49 meters) of water.

Aug. 2011 - Maersk Oil is currently reprocessing seismic data over the Gita discovery, which involves four separate surveys, to improve depth imaging. The operator stated that this step is necessary for the appraisal planning of the discovery. The reinterpretation work to update current geologic modules have commenced, and as the seismic reprocessing work goes into its final stages, focus will shift to well planning. Gita is located offshore Denmark in 161 feet (49 meters) of water.

Apr. 2009 - The ENSCO 101 jackup discovered hydrocarbons at the Maersk-operated Gita-1X (5604/22-5) exploration well, which straddles licenses 9/95 Maja and 9/06 Gita in the Danish North Sea. Situated in 161 feet (49 meters) of water, the Gita well was drilled verticaly and reached a TD of 16,936 feet (5,162 meters) in layers of Middle Jurassic age.