Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Paladin Resources (PLR)

  Print      Mail a friend       Annual reports

Monday 04 July, 2005

Paladin Resources

Enoch Field Approval

Paladin Resources PLC
04 July 2005

Paladin Resources plc

UK and Norwegian Government Approval for Enoch Field Development

Paladin Resources plc announces that its wholly owned subsidiary, Paladin Expro
Limited ("Paladin"), and its joint venture partners have received approval from
both the UK and Norwegian Governments for the development of the Enoch oil
field, which straddles the UK / Norway median line.

The Enoch Field is operated by Paladin (24.00%) on behalf of the UK and
Norwegian partners, which include Bow Valley Petroleum (UK) Ltd (12.00%), Dyas
UK Ltd (14.00%), Petro-Canada UK Ltd (8.00%), Dana Petroleum (E & P) Ltd
(8.80%), Roc Oil (GB) Ltd (12.00%), Lundin North Sea Ltd (1.20%), Statoil ASA
(11.78%), Total E & P Norge AS (4.36%), DNO AS (2.00%) and DONG Norge AS

The Enoch Field was discovered in 1985 by UKCS well 16/13a-3 and was later
appraised by four more wells, two of which were drilled in the Norwegian sector
in Block 15/5. The field contains oil and gas trapped in sands of the Eocene age
Flugga Sandstone. Perceived trans-boundary complications and commercial
difficulties have since then prevented development progress.

The field will be developed at an anticipated cost of approximately £75 million
by a single subsea production well, tied back using new subsea infrastructure,
to the Marathon operated Brae A Platform, located 15km North-West of Enoch in
UKCS Block 16/7. Enoch oil will be exported from Brae A through the Forties
Pipeline System and sold at Kinneil, whilst Enoch gas will be sold offshore to
Brae A. Production will start in late 2006 at a rate of over 12,000 barrels per

Commenting on the development approval of Enoch, and on the development approval
of the Blane Field also announced today, Roy Franklin, Chief Executive of
Paladin Resources plc, said:

"We are delighted to have received development approvals for both Blane and
Enoch which set new standards in UK and Norwegian cross-border co-operation for
efficient exploitation of remaining resources in a maturing North Sea. Since
taking over the operatorship of Blane and Enoch in March 2004, Paladin has
received wholehearted support and co-operation from all the major stakeholders,
including the DTI in the UK, the MPE in Norway and the joint venture partners
and contractors, enabling timely delivery of these projects."

                                                                   4th July 2005


Paladin Resources plc                                 Tel: 020 7024 4500
Roy A. Franklin, Chief Executive
Cuth McDowell, Finance Director
Colin Reid, UK General Manager                        Tel: 01224 615600
Tim Bushell, Norway General Manager                   Tel: +47 5121 2200

College Hill                                          Tel: 020 7457 2020
Jim Joseph
Ben Brewerton

Notes for Editors

The Enoch oil field is located across the UK / Norway median line, in UKCS
Block 16/13a (Licence P219) and NCS block 15/5 (Licence PL048B). The field has
been unitised across the median line as follows:

Licences           Owners                  Licence Interests (%)    Unit Shares*

Licence P219       P219 Group

                   Paladin Expro                 30.00                    24.00

                   Dyas                          17.50                    14.00

                   ROC                           15.00                    12.00

                   Bow Valley                    15.00                    12.00

                   Dana                          11.00                     8.80

                   Petro-Canada                  10.00                     8.00

                   Lundin                         1.50                     1.20

                                                100.00                    80.00

Licence PL048B     PL048B Group

                   Statoil                       58.90                    11.78

                   Total Norge                   21.80                     4.36

                   DNO                           10.00                     2.00

                   DONG Norge                    9.300                     1.86

                                                100.00                    20.00

    * calculated using provisional Tract Participations of 80:20

The field will be developed by a single subsea well, drilled in UKCS Block 16/
13a, which will produce oil and gas. The well will be tied back using new subsea
infrastructure to the Marathon operated Brae A Platform located 15km North-West
of Enoch in UKCS Block 16/7. Modifications will be carried out on Brae A to
support the subsea infrastructure and process and meter the Enoch produced
fluids. The Enoch oil will then be exported from Brae A through the Forties
Pipeline System and sold at Kinneil, whilst Enoch gas will be sold offshore to
Brae A.

                      This information is provided by RNS
            The company news service from the London Stock Exchange              RMNGKZM

a d v e r t i s e m e n t