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Spring Energy: First exploration well commenced on PL 378

Drilling of the Grosbeak exploration well in PL 378, 25 km North of the Troll field in the North Sea has started. The Grosbeak prospect is situated in a prolific hydrocarbon province, and a total of 11 prospects have been identified within PL 378.

The well is operated by Wintershall on behalf of the PL 378 license group using the rig Songa Delta.

Spring Energy has a 20% working interest in the license.