NORDIC ENERGY PLC - Director's Dealing
November 20 2013 - 11:55AM
PR Newswire (US)
Nordic Energy PLC/ Index: ISDX / Epic: NORP / Sector: Oil & Gas
20 November 2013
Nordic Energy PLC (`Nordic' or `the Company')
Director's Dealing
Nordic Energy PLC, an oil and gas E&P company focussed on Denmark, Norway, and
the North Sea sectors of the Netherlands and the UK (the Nordic Area), advises
that the following dealing has occurred by a director in order to provide
liquidity to the market pursuant to an orderly market agreement:
Director Date of dealing Price per Number of Total holding Holding as
share shares subsequent to percentage of
the purchase issued share
(pence) capital
Patrick 19 November 2013 2p 48,000 10,452,000 11%
Rocholl
The total issued share capital of the Company comprises 94,880,000 ordinary
shares of 0.1p each.
The Directors of the Company take responsibility for this announcement.
For further information please visit www.nordicenergyplc.com or contact:
Enquiries:
Rudolf Kleiber Nordic Energy Plc Tel: +44 20 7283 0179
Patrick Rocholl Nordic Energy Plc Tel: +44 20 7283 0179
Jo Turner Cairn Financial Advisers LLP Tel: +44 20 7148 7900
Liam Murray Cairn Financial Advisers LLP Tel: +44 20 7148 7900
Frank Buhagiar St Brides Media & Finance Ltd Tel: +44 20 7236 1177
Lottie Brocklehurst St Brides Media & Finance Ltd Tel: +44 20 7236 1177
Notes
Nordic holds Licence 1/13, the largest exploration and production licence in
the Danish North Sea, covering an area of 3,600 sq km. The Licence is located
approximately 50 km from the edge of the Central Graben, where existing
production and multiple discoveries are located, and 100 km from the Siri Area
which has a number of Tertiary fields. Two previous wells were drilled on the
licence area in 1970s, one of which was estimated to flow 2 million cubic feet
gas per day during controlling operations from a 29' Miocene sand.
Nordic Energy is in the process of having all original data reinterpreted
which, along with new well data and a pseudo 3-D volume, will be incorporated
into an updated geological model for the Licence area, the results of which
will be included in a new CPR.
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