On October 24th 2011 Rocksource ASA as operator of PL559 completed drilling of the wildcat well in prospect "Phoenix". The well, which was dry, was drilled in the Norwegian Sea about five kilometres northeast of the 6608/11-4 "Linerle" discovery.
An extraordinary general meeting in Skagen44 AS took place on 17th November 2011 in which a private placement of NOK 40 million was obtained from the companies Toppen Invest AS, Live AS and Thesaurus AS.
The drilling rig "Borgland Dolphin" commenced drilling on September 8th 2011 on the Phoenix prospect in the Norwegian Sea. The prospect lies in block 6608/11 due east of Linerle. The PL 559 partnership consists of Rocksource as operator and VNG and Skagen44 AS as license partners.
On Thursday 18th August the drilling rig Aker Barents spudded an exploration well in the "Skaugumsåsen" prospect south-east of Norne. The prospect is covered by PL482 and is located in block 6508/1. Operating company is Det Norske.