Profile: Rocksource ASA (RGT.OL)
RGT.OL on Oslo Stock Exchange
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Rocksource ASA is a Norway-based oil and gas exploration company. On December 31, 2012, the Company discontinued its direct petroleum activities and transferred them to its subsidiary, Rocksource Exploration Norway AS. It is engaged in geology and petroleum research, as well as oil exploration and production using electromagnetic (EM) data. Its operations are divided into three business segments: Onshore Oil and Gas, comprising the discontinued exploration and production activities; Offshore Oil and Gas, comprising exploration activities, and Geo-Technical Activities, comprising the development and employment of technology for the integrated interpretation of geological, seismic and electromagnetic data for the identification of hydrocarbon reserves. As of December 31, 2011, the Company held 14 licenses on the Norwegian Continental Shelf and 16 licenses in the Gulf of Mexico, among others. As of December 31, 2011, it had 10 wholly owned subsidiaries.
Thormohlensgate 53 D