North Energy has together with Institute of Marine Research (Havforskningsinstituttet) carried out sea tests to verify if the Olex system can be used to measure and map sea currents.
Successful test of surface currents
Strengthened with new capital
North Energy has brought in new capital in the past week. The private placement and sale of the Fogelberg licence means that the company is well financed for further exploration.
North Energy sells Fogelberg gas discovery
North Energy has today entered into an agreement to sell its interest in licence 433 (Fogelberg) for NOK 70 million to Centrica Resources (Norway).
