Stocks and Investing Stocks and Investing
Mon, October 24, 2011
Sun, October 23, 2011
Sat, October 22, 2011
Fri, October 21, 2011

North Sea Energy Engages Auburn Partners as Investor Relations Consultants


Published on 2011-10-21 10:56:34 - Market Wire
  Print publication without navigation


October 21, 2011 13:41 ET

North Sea Energy Engages Auburn Partners as Investor Relations Consultants

TORONTO, ONTARIO--(Marketwire - Oct. 21, 2011) - North Sea Energy Inc. ("NSE" or the "Company") (TSX VENTURE:NUK) is pleased to announce the engagement of Auburn Partners Inc. ("Auburn Partners") as investor relations consultants to the Company. Auburn Partners will focus on developing and expanding NSE's communications with the investment community through a comprehensive investor relations program. Auburn Partners will provide investor relations services in general, and in particular, will provide services in furtherance of increasing the Company's profile. Auburn Partners will receive a monthly fee of $5,000 for professional services for a period of 3 months, which may be extended by both parties. Neither Auburn Partners, nor any of its employees own securities, directly or indirectly, in NSE. This agreement is subject to acceptance by the TSX Venture Exchange.

About Auburn Partners Inc.

Auburn Partners is a boutique investor relations firm focused on resource‐based public companies. Auburn's primary role is to assist clients in gaining exposure to the Canadian investment community and to increase investor awareness.

About North Sea Energy Inc.

NSE, along with its wholly owned UK subsidiaries, Echo Exploration Limited, North Sea Energy (UK) Limited and North Sea Energy UK (NO 2) Limited, is an independent oil and gas company formed in February 2007 with a strategy of building a portfolio of exploration, appraisal and producing assets in the UK North Sea. Currently, NSE is producing light oil from the Jacky field, located in the Inner Moray Firth off the Scottish coast and has acquired six blocks in the North Sea, with a further three blocks pending U.K. Department of Energy and Climate Change (" DECC") approval.

NSE's principal assets are as follows: (i) a 10% working interest in block 12/21c (the "Jacky Production"); (ii) a 20% working interest in block 12/26c (the "Polly Development"); and (iii) a 13.3% working interest in block 11/29 (the "Manuel-Terry Prospect"); all of which are governed under United Kingdom Seaward Production License P.1392. NSE also has a 50% working interest in UK Blocks 13/28b ("Bobcat Prospect"), Block 22/5c ("Bass Prospect") and Block 15/21d ("Bluebird and Blackbird Prospects") situated in the UKCS. Two further licenses are expected to be awarded, subject to DECC approval.

Forward-looking statements

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. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to timing and completion of the Transaction (including receipt of TSX-V approval), oil reserves and future revenues. 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. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States, UK and globally; industry conditions, including fluctuations in the prices of oil and natural gas; governmental regulation of the oil and gas industry, including environmental regulation; unanticipated operating events or performance which can reduce production or cause production to be shut in or delayed; failure to obtain industry partner and other third party consents and approvals, if and when required; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; competition for, among other things, capital, acquisitions of reserves, undeveloped lands, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, drilling, processing and transportation problems; changes in tax laws and incentive programs relating to the oil and gas industry; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

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.