PRESS RELEASE

Island Drilling Company AS is pleased to announce that the company has signed a Contract with Capricorn Norge AS the 31th of October, to drill one well on Duncan prospect — Block 35/8 in the North Sea and two optional wells

Drilling is scheduled to commence in H1 2020. Island Drilling Management will be responsible for the operation of the Island Innovator.
Island Drilling Company AS is grateful that Capricorn Norge has chosen Island Innovator to perform this scope.

Capricorn Norge AS is a wholly owned subsidiary of Cairn Energy PLC and the Operator of License 880, Duncan prospect with holding a 60% interest.


Sandsli 01.11.2019

Roger Simmenes
CEO
Island Drilling AS

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