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1. For further information on “Norfolk“ and “Norfolk East“, please refer to the joint management information circular of NSE and Ranger dated August 26, 2011, as amended by the Company’s press release dated September 19, 2011 (together, the “Circular “) that can be found on www.sedar.com
2. Nautical Petroleum was acquired by Cairn Energy PLC in August 2012 and is now part of the Cairn group of companies, more information on cairnenergy.com
3. Promote license with an initial term of a 2 year drill or drop commitment, effective date as at January 1, 2013
Symbol: TSX-V: NUK
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North Sea Energy Announces Update on Gemini Arbitration
North Sea Energy Inc. announces that a decision has been rendered by the International Tribunal in the arbitration between Gemini Oil & Gas Fund II, L.P. (“Gemini”), the Company and its subsidiary North Sea Energy (UK) Limited (“NSE UK”).