| Sussex Energy acquires equity in two UK Central North Sea licences 15th January 2008. Sussex Energy, a wholly-owned, UK subsidiary of Bermuda-based Enovation Resources, now becomes an accredited UK offshore operator and holds 100% equity in both blocks. Nigel Platt, Commercial Director of Sussex Energy in London, said, 'This acquisition represents another important strategic step for the company. Together with Enovation Resources, Sussex is committed to exploring for and producing hydrocarbons on the UK Continental Shelf. We see significant and immediate potential in both blocks and will be pursuing early drilling opportunities.' ‘We are very pleased that the Sussex Energy team has clearly demonstrated the benefit of their presence within the Group by accelerating our North Sea entry and in such a material way," commented Diz Mackewn, CEO of Enovation Resources. 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. |
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