TORONTO, ONTARIO–(Marketwired – May 11, 2016) – North Sea Energy Inc. (“NSE” or the “Company“) (TSX VENTURE:NUK) Today the Bagpuss Operator, Premier Oil UK Limited (“Premier”) announced an operational update, “Premier plans to drill the Bagpuss heavy oil exploration prospect in the Moray Firth in the UK North Sea in June, using the Ocean Valiant rig, which is currently operating at Solan.” The reason for the delay is due to poor weather conditions.
About NSE:
The Company, founded in February 2007, is a UK focused oil and gas exploration and appraisal company quoted on the TSX-V. NSE, along with its wholly owned subsidiary, holds two high impact opportunities in the UK North Sea. These opportunities are the Bagpuss and Blofeld prospects located in blocks 13/24c and 13/25 of the UKCS.
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,” “forecast,” “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.
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J. Craig Anderson
Chairman & CEO
416-366-4700
[email protected]
www.northseaenergy.ca
