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Petrostars SPX

PetroStars SPX Ltd - has been awarded split block 16/3e shared with Equinor & their partner BP.

NB noting that PetroStars SPX Ltds Shelterstone area is 100% PetroStars SPX . Cairngorm belongs to Equinor / BP.

We are actively seeking partnerships with proactive license holders and new ventures who are willing to explore opportunities in the Small Pools of the North Sea. Rapid Portfolio growth can be achieved with commitment. Alliances with new technology companies who are needing a deployer of their solution to the future problems that we do not know yet . Our mandate is to bid in the UK Licensing Rounds to acquire significant NPV using our unique safe, reliable & sustainable screening process. Our core business is to unlock the full potential of resources efficiently with new and environmentally safe technology. We will invest in sustainable energy markets and regenerate local economies. Sustainability not just a tick box exercise, but a commitment for the longer term.

Our plans for exploration & production are based on identifying under-explored blocks with little or old data, coupled with seeking legacy blocks and newly relinquished sectors. Prospects near infrastructure are also key where new technology may allow early cessation of production and unlock adjacent options normally discounted due to complex and outmoded infrastructure. Noting Dry Hole is not the end - our questions are then - is the reservoir suitable for Gas, C02, Hydrogen or Bio Gas Storage?

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