The NEA received two applications for E&P licenses during the licensing round. In addition, during this period, the NEA received one application for a prospecting license in the Dreki area. An open door policy is, however, maintained for prospecting licenses. Submitted applications for E&P licenses will be opened at the premises of the NEA, Grensasvegur 9, 108 ReykjavÃk, at a publicly available meeting on May 18, 2009. At the opening, the names of the applicants and the blocks applied for will be read out.
The NEA is pleased with the applications, especially considering the challenging conditions for exploration in the Dreki area. This is a difficult and expensive long-term exploration project for the future licensees, but with the potential for high reward upon successful exploration.
