Contract - E.ON-Ruhrgas

November 2008

E.ON-Ruhrgas – PetroMarker - Technology Development Contract
 
E.ON Ruhrgas Norge and Petromarker signed the 6th November a Master Service Agreement.  This Agreement shall form basis for future projects linked to the use and development of Petromarker's EM technology.  The parties will now define the individual projects, that will start up early 2009.
 
E.ON Ruhrgas Norge AS is an upstream company established in Stavanger, Norway in 2003. E.On-Ruhrgas Norge AS forms part of the parent company E.ON-Rughras AG in Deutchland with its more than 2.500 employees.Since start the company has had a formidable growth. The Norwegian license portfolio now includes 25 licenses of which 20% is operated and in production.

The company is aggressively stepping up its exploration program in Norway with a long term perspective, to gain a thorough understanding of regional geology and then setting firm targets.