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April 29, 2013
North Sea Energy Announces Year End Results for 2012 and Provides Operational Update
March 20, 2013
North Sea Energy and EnCounter Oil Open Data Room for Blocks 13/24c and 13/25
February 26, 2013
North Sea Energy Extends IronStone Capital Marketing Contract
Bagpuss
Block 13/24c
North Sea Energy 40%
EnCounter Oil 40%
Groliffe Limited 20%*
Bagpuss17,18
• Structurally located on the western margin of the Halibut Host at the eastern extremity of the Inner Moray Firth.
• Two leads have been identified on the block, Bagpuss (Block 13/24c) and Blofeld (Block 13/25). Both are structural closures with an interpreted Lower Cretaceous reservoir.
• The Bagpuss lead is a large upthrown structural trap within the Lower Cretaceous Sands of uncertain age encountered in Well 13/24a-2A that lies within the closure.
• 1981 Amoco well shows oil in lower Cretaceous sand at 1380 ft with approximately 20-30 ft oil bearing sand. Cuttings show presence of fluid oil.
17See Disclosure: Source Definitions, note 17
18See Disclosure: Source Definitions, note 18
*Subject to DECC approval
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