North Sea Energy Inc.

North Sea Energy Inc.

March 19, 2015 15:34 ET

North Sea Energy Provides Corporate Update

TORONTO, ONTARIO--(Marketwired - March 19, 2015) - North Sea Energy Inc. ("NSE" or the "Company") (TSX VENTURE:NUK) is pleased to provide an update on the Company's operations:

Data Room

NSE is in discussions with a major international oil company that is currently evaluating several of its blocks for a possible farm-in deal. Results will be known in the coming months.

Gemini Arbitration

NSE is in negotiations with Gemini Oil and Gas LP II, L.P. with respect to the arbitration award. NSE has not been granted leave to appeal the final award as referenced in the December 2, 2014 announcement.

About NSE:

NSE is an oil and gas company that holds a portfolio of high impact interests focused on the Moray Firth in the offshore UK North Sea. These interests include the Bagpuss and Blofeld prospects (blocks 13/24c and 13/25), Norfolk prospects (blocks 12/16b and 12/17b), Del Monte (block 19/3) and Golden Phoenix leads (block 18/10a).

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.

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