|December 31, 2015 CAD ($)||December 31, 2014 CAD ($)||December 31, 2013 CAD ($)|
|Shareholders' (Deficit) Equity||(7,512,533)||(8,168,546)||(1,852,878)|
|Loss before income tax expense||(1,842,549)||(6,087,250)||(14,456,877)|
|Total comprehensive loss for the period||(3,298,268)||(6,399,668)||(14,465,923)|
|Basic and diluted net loss per share||(0.031)||(0.103)||(0.247)|
Year End Reserves Information
At December 31, 2015, the Company had no oil and gas reserves assigned to its assets. The Company has filed Forms 51-101 F1, 51-101 F2 and 51-101 F3 on SEDAR.
The Company, founded in February 2007, is a UK focused oil and gas exploration and appraisal company quoted on the TSX-V. NSE, along with its wholly owned subsidiary, holds two high impact opportunities in the UK North Sea. These opportunities are the Bagpuss and Blofeld prospects located in blocks 13/24c and 13/25 of the UKCS.
For further information, please contact:
J. Craig Anderson
Chairman & CEO
North Sea Energy Inc.
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to oil reserves and future revenues. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information.
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