North Sea Energy 26.67%
First Oil plc 46.66%
Cairn Oil plc 26.67%
• Norfolk Prospect is located in the Inner Moray Firth, a short distance from the Scottish coast.
• The prospect is a large stratigraphic pinchout and dip closure with a Lower Cretaceous
Hauterivian Sandstone reservoir.
• Target at 4,500 feet. sub-surface, in shallow water of 110 feet.
• Large "flat spot" on seismic that conforms to structure map.
Symbol: TSX-V: NUK
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North Sea Energy Announces Update on Gemini Arbitration
North Sea Energy Inc. announces that a decision has been rendered by the International Tribunal in the arbitration between Gemini Oil & Gas Fund II, L.P. (“Gemini”), the Company and its subsidiary North Sea Energy (UK) Limited (“NSE UK”).