Press release from Island Drilling Company AS

Island Drilling Company AS is pleased to announce that the company has received an LOI from Capricorn Norge AS, to drill one well on Duncan prospect - Block 35/8 in the North Sea and two optional wells.

Drilling is scheduled to commence in Q2 2020. Island Drilling Management will be responsible for the operation of the Island Innovator.

Island Drilling Company AS is grateful that the Island Innovator has been chosen for 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 13.08.2019

Roger Simmenes
CEO
Island Drilling AS

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