North Sea Energy Inc. (NSE) (TSX-V: NUK), founded in February 2007, is a UK focused oil and gas exploration and appraisal company quoted on the TSX-V. NSE, along with its wholly owned subsidiary, holds two high impact opportunities in the UK North Sea. These opportunities are the Bagpuss and Blofeld prospects located in blocks 13/24c and 13/25 of the UKCS.

North Sea Energy  15.0%

Maersk Oil North Sea UK Limited  25.0%

Premier Oil plc  40.1%

EnCounter Oil  13.27%

Groliffe Limited  6.63%

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.