TORONTO, ONTARIO — (Marketwire) — 05/02/12 — North Sea Energy Inc. (“NSE” or the “Company”) (TSX VENTURE: NUK) is pleased to announce the Company–s participation in the 27th Seaward Licensing Round on May 1, 2012, through NSE–s wholly owned subsidiary North Sea Energy UK (NO2) Limited. NSE has bid with a strategic partner on seven additional blocks in the North Sea. NSE, together with its partners, was recently successful on the 26th round, being awarded three new blocks by the UK Department of Energy and Climate Change (DECC).
In addition, the Company is pleased to announce the appointment of Ian Lisseter as President of the Company–s subsidiary, North Sea Energy UK (NO2) Limited. Mr. Lisseter is a senior petroleum geologist with significant experience in the North Sea and is currently Chief Exploration Officer of NSE and the President of Echo Exploration Limited, a wholly owned UK subsidiary of NSE.
About North Sea Energy Inc.
NSE (TSX VENTURE: 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.
Forward-looking statements
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. 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.
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.
Contacts:
North Sea Energy Inc.
J. Craig Anderson
CEO
416-366-4700
Investor Relations:
Auburn Partners Inc.
647-430-8760