D3Petroleum new partner in MGV

Through a share issue in Millennium Geo-Venture SAS (MGV) completed in November 2013 the Norwegian oil and gas company D3Petroleum Resources AS (D3Petroleum) has become a 45% owner of MGV together with MOORE Energy AS (55%). MOORE retains an option to acquire 26% of D3Petroleum’s shares in MGV.

D3Petroleum is a Norwegian company mainly focused on development and production of oil and gas in the North Sea, founded by Per Gunnar Løge and Steinar Hagen – founders of the successful Norwegian oil companies OER Oil AS and Ener Petroleum ASA.