DNO ASA - Well 7122/7-5 - GOLIAT

The well penetrated 4 reservoir targets. Preliminary results indicate no movable hydrocarbon bearing sands within any of these reservoir units.
Planned operations forward are to plug the well to the current casing shoe prior to perform a sidetrack operation into another fault segment.
The Goliat oil discovery has been confirmed by previous wells in the central and southern area, and is located 85 km north-west of Hammerfest and 50 km southeast of the Snøhvit field and the drilling is being undertaken by the semi-submersible drilling rig "Polar Pioneer". The water depth is 371 meters and the well was drilled to a total depth of 2228 meters.
A final press release will be issued after completion of the well.
DNO holds a 15 % working interest in this license. 
22 December 2006


Helge Eide, MD - DNO ASA
Telephone: +47 23 23 84 80