North Sea Energy Insiders Acquire Shares
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, Ontario – (December 28, 2011) – North Sea Energy Inc. ("NSE" or the “Company”) (TSX-V:NUK) has been notified that on December 23, 2011, Craig Anderson, CEO, acquired 40,000 common shares of the Company, and Ian Lambert, a director of the Company, acquired 50,000 common shares of the Company, each at a price of C$0.25 per common share.
Following this transaction, Craig Anderson's total revised beneficial holding in the Company is 4,540,262 common shares, representing approximately 7.76 percent of the issued share capital of the Company, and Ian Lambert’s total revised beneficial holding in the Company is 350,017 common shares, representing approximately 0.60 percent of the issued share capital of the Company.
In addition, on December 16, 2011, Petya Popova, CFO, acquired 16,000 common shares of the Company at a price of C$0.30 per common share, representing approximately 0.03 percent of the issued share capital of the Company.
About North Sea Energy Inc.
NSE (TSX‐V: NUK) is a UK-focused oil and gas exploration and production (“E&P”) company listed on the TSX Venture Exchange. NSE is producing light oil from the Jacky field, located in the Inner Moray Firth off the Scottish coast and has acquired an interest in nine blocks in the North Sea.
For further information please contact:
North Sea Energy Inc.
Craig Anderson, CEO
Auburn Partners Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Symbol: TSX-V: NUK
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