Alta, 10 September 2014

Statoil, as operator for PL 713, has received permission from the Norwegian Environment Agency to drill in the oil-bearing strata in exploration well 7319/12-1 Pingvin, and this operation has now resumed. The top hole has been drilled, and results from the well are expected during September.

The partners in the licence are Statoil as operator with 40 per cent, RN Nordic Oil with 20 per cent, Edison with 20 per cent and North Energy with 20 per cent.

Further information from:

Erik Karlstrøm, CEO
Mob: +47 476 52 990 | E-post: erik.karlstrom@northenergy.no

Knut Sæberg, CFO
Mob: +47 918 00 720 | E-post: knut.saeberg@northenergy.no

Kristin Ingebrigtsen, vice president organisation and communication

Mob: +47 926 05 601 | E-post: kristin.ingebrigtsen@northenergy.no

                   

This information is subject to the disclosure provisions in section 5, sub-section 12 of the Norwegian Securities Trading Act.