TORONTO, ONTARIO--(Marketwire - Oct. 26, 2012) - 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 the initial tranche of offers for licences in the 27th Seaward Licensing Round in the UK North Sea. NSE, together with its partner, EnCounter Oil Limited ("EnCounter Oil"), has been offered two new promote licences in the UK North Sea in the 27th Seaward Licensing Round, namely - blocks 13/24c and 13/25 (NSE - 40% interest), and block 14/29b (NSE - 40% interest). NSE holds its interest in these prospects through its wholly-owned subsidiary, North Sea Energy (UK No2) Limited.
EnCounter Oil is a new exploration company set up by the former senior exploration team of EnCore Oil plc. Premier Oil plc completed the acquisition of EnCore Oil on January 16, 2012. This team was involved in discovering the Buzzard Oil field and Catcher Oil discovery.
About North Sea Energy Inc.
NSE 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.
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