TN PETRÓLEO

Revus Energy ASA announces Monday that the company has agreed to buy 51.88% interest in PL037C, constituting a 11.52% interest in the Murchison field, and 21.88% interest in PL037D, including the Delta discovery, from Statoil ASA. After this transaction Revus holds 100% of both PL037C and D including a 22.2% interest in the Murchison field.

Revus already holds 100% of the adjacent exploration license PL344, and the transaction strengthens the company`s position in the area.

The agreed cash consideration for the transaction reflects the future cashflow from the Murchison field and the future exposure with regards to abandonment of the field installations.

Revus will increase its reserves and contingent resources with 2.2 million boe and increase the daily production from 2,300 boepd to 3,000 boepd.

The agreement is conditional upon approval from both the U.K. and Norwegian authorities and from the field operator CNR (Canadian Natural Resources).