North Sea Energy Awarded New Blocks in the UK North Sea
Toronto, Ontario – November 29, 2013 – North Sea Energy Inc. (“NSE” or the “Company”) (TSX-V:NUK) is pleased to announce that the UK Department of Energy and Climate Change (DECC) has published a second tranche of licence offers in the 27th Seaward Licensing Round in the UK North Sea in which NSE, together with its partner, EnCounter Oil Limited (“EnCounter”), have been offered two new promote licences. The award includes blocks 19/2 and 19/3 containing the Kipling and Del Monte leads (NSE - 40% interest, EnCounter - 60% interest), and block 18/10 containing the Golden Phoenix lead (NSE - 40% interest, EnCounter – 60% interest). A joint data room to farm-down interests in these blocks will be opened in the New Year. NSE holds its interest in these licences through its wholly-owned subsidiary, North Sea Energy (UK No2) Limited.
Kipling and Del Monte Leads – Blocks 19/2 and 19/3
The Del Monte lead is a stratigraphic trap within the Upper Jurassic Burns Unit sandstone. At Burns Sandstone level, the crest lies at 5,600 feet and the maximum closing contour is 6,100 feet, giving a potential column height of 500 feet.
The Kipling lead is a simple, shallow relief upthrown fault closure. At Burns Sandstone level, the crest lies at 5,525 feet and the maximum closing contour is 5,900 feet, giving a potential column height of 75 feet.
Golden Phoenix Lead – Block 18/10
The Golden Phoenix lead is a structural trap within the Upper Jurassic Burns Unit sandstone and Middle Jurassic Beatrice Sandstone. The lead lies entirely within the block. At Burns Sandstone level, the crest lies at 3,350 feet, and the maximum closing contour is 3,650 feet giving a potential column height of 300 ft. At Beatrice Sandstone level, the crest lies at 5,400 feet and the maximum closing contour is 6,100 feet, giving a potential column height of 700 feet.
About North Sea Energy Inc.
North Sea Energy Inc. (TSXV:NUK) is an oil and gas company that holds a portfolio of high impact plays focused on the Moray Firth in the offshore UK North Sea. These plays include Bagpuss and Blofeld (blocks 13/24c and 13/25), Norfolk and Norfolk East (blocks 12/16b and 12/17b), and Cloud (block 14/29b).
For further information, please contact:
J. Craig Anderson,
Chairman & CEO
North Sea Energy Inc.
Forward Looking Statements:
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Symbol: TSX-V: NUK
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