North Sea Energy Awarded New Blocks in the UK North Sea
29 Noviembre 2013 - 11:10AM
Marketwired
North Sea Energy Awarded New Blocks in the UK North Sea
TORONTO, ONTARIO--(Marketwired - Nov 29, 2013) - North Sea
Energy Inc. ("NSE" or the "Company") (TSX-VENTURE:NUK) is pleased
to announce that the UK Department of Energy and Climate Change
(DECC) has published a second tranche of licences 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 Leas - 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. (TSX-VENTURE: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).
Forward-Looking Statements:
This news release contains certain statements that may be
deemed "forward-looking statements." Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or realities may differ materially from those in
forward-looking statements. Forward-looking statements are based on
the beliefs, estimates and opinions of the Company's management on
the date the statements are made. Except as required by law, the
Company undertakes no obligation to update these forward-looking
statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.
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.
North Sea Energy Inc.J. Craig
AndersonCEO416-366-4700canderson@northseaenergy.cawww.northseaenergy.caInvestor
Relations:Shanda Kilborn416-366-4700shanda@auburnpartners.com
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