14th November 2008

Enovation Resources, an oil & gas exploration, development and production Company, is pleased to announce that its wholly owned subsidiary, Sussex Energy Ltd, was awarded three exploration licenses covering four Blocks in the UKCS 25th Licensing Round.
 
The awards include 2 licenses in the West of Shetland and one in the Central North Sea:

• 204/18a:  50% Sussex Energy, 50% Valiant Exploration (Operator)
  Traditional Licence, 1 firm well commitment

• 206/5b & 207/1b: 50% Sussex Energy, 50% Valiant Exploration (Operator)
  Traditional Licence, 2D seismic commitment
  
  
• 30/18c: 100% Sussex Energy (Operator)
  Promote Licence
  

Commenting, Richard Morgan, Exploration Director of Enovation Resources, said:
 
“We are extremely pleased to have been awarded all of the licenses we applied for in the 25th UKCS round. These licenses are a key part of the future growth of the business”.

Further Information

Note for Editors: Enovation Resources is a technology-focused independent oil and gas exploration and production company. The company has interests in the Gulf of Mexico as well as Asia Pacific (NW Natuna Basin, Indonesia), whilst Enovation's wholly-owned subsidiary Sussex Energy is acquiring assets in the UK Central North Sea. The company's head office is located in Hamilton, Bermuda, with regional offices in the UK, US and Singapore.

For further information please visit our website
(www.enovationresources.com) or contact us at:
Enovation Resources Limited (BDA)
Henrik Schroder (Bermuda) +1 441 297 8008 / Diz Mackewn (UK) +44 208 823 9232

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