ConocoPhillips took the option over the Damnica, Lebork and Karwia concessions, west of the city of Gdansk, after providing funding for drilling some wells and conducting seismic studies.
The options exercise over the 204,900 square kilometre project area must be completed by September, 3Legs said in an announcement, with the smaller company to retain a 30% interest in the concessions.
One vertical well would be drilled on Lebork in the second half of 2012, 3Legs announced, with the well to be extensively evaluated with a horizontal section of the well to be drilled at a later date.
3Legs
