Revus Energy

Revus Energy (OSL:REVUS) Revus Energy ASA today announced that BG Norge AS, operator of production license 373 S (Revus 20%), has made a significant oil discovery on the Jordbær prospect. The well has been tested with an average oil rate of approximately 7 500 barrels per day. In Revus' opinion the Jordbær discovery significantly increases the likelihood of additional discoveries in the area.

Revus Energy Revus Energy ASA will present its Q2 2008 results at Hotel Continental (Stortingsgaten 24/26), Oslo on Thursday 14 August at 08.30 hours. The presentation will be given by CEO Harald Vabø and Exploration Manager Svein Ilebekk. The presentation can also be followed by web cast live and on demand on Revus Energy's web page www.revus.no

Revus Energy Revus Energy ASA (OSE:REVUS) confirms well 21/8-4z as a further oil & gas discovery in block 21/8, production licence P.1107 which is located in the central North Sea Sector of the United Kingdom Continental Shelf (UKCS).

Revus Energy Preliminary production numbers for 2Q 2008 show an average daily production net to Revus of 5,445 boepd. This is 15.6% below earlier guidance of 6,450 boepd. The main reason for this shortfall is two unplanned shut-downs of the Broom production due to technical problems on the Heather platform, which receives the Broom production. Efforts have been made to increase production up-time for the future during the planned maintenance stop on Heather in June. There are no indications that the underlying reservoir potential of the field is reduced and it is therefore expected that these reserves will be recovered at a later stage.

Revus Energy Revus Energy ASA (OSE:REVUS) today confirmed a gas/oil discovery on the Jordbær prospect in the Norwegian North Sea. Operations are still ongoing and further data gathering with subsequent evaluation will continue. The Jordbær prospect is located in PL 373S which is operated by BG Norge. The well is drilled by the semi submersible Bredford Dolphin and partners are BG (operator and 45 per cent), Idemitsu (25 per cent), RWE Dea (10 per cent) and Revus Energy (20 per cent).

Revus Energy Revus Energy ASA (OSE:REVUS) confirms well 21/8-4 as an oil & gas discovery. The well, which spudded on 20th June 2008, was drilled directionally to test the eastern part of the Torphins prospect in the central UK North Sea sector and penetrated a Paleocene reservoir sandstone section with a gross logged oil & gas column in the region of 9 meters. Based on this result, the drilling programme will proceed with a further directional well from the same surface location to test the western part of the prospect.

Revus Energy Revus Energy ASA (OSE:REVUS) announces today that the drilling of Well 32/2-1, on the Trow Prospect, has been completed. The well penetrated thick waterbearing Jurassic reservoir sands. No signs of hydrocarbons were encountered. The well will now be plugged and abandoned.

Revus Energy The Ipswich exploration well, 1/3 - 11, which is operated by Dong Energy, has shown indications of hydrocarbons. The well is still in operation and further data will have to be collected before any conclusions regarding the presence of movable hydrocarbons can be made. Revus has a 15 per cent interest in PL 274, together with Dong Energy (operator and 40 per cent), PA Resources (30 per cent) and Noreco (15 per cent).

Revus Energy " Revus Energy ASA announces that the Torphins exploration well, 21/8-4, production licence p1107, commenced drilling on 20th June 2008. The well is located in the UK sector of the North Sea and is being drilled by Transocean's GSF Arctic II semi-submersible rig. The objective is a Palaeocene sandstone reservoir which displays similar seismic amplitude characteristics to the Scolty oil discovery which was drilled in the same block, 12km to south, in the latter part of 2007.

Revus Energy Revus Energy ASA announced today that Transocean Winner has commenced drilling on the Trow prospect in PL 369) on June 18th 2008.