NORP Nordic Panorama

                                                                21 October 2014

        Nordic Energy PLC/ Index: ISDX / Epic: NORP / Sector: Oil & Gas

                               Nordic Energy Plc

                          ("Nordic" or the "Company")

                        Maturation and Migration Study

 Encouraging Modelling Results On Hydrocarbon Fill Of Large Danish Structures

Nordic Energy, the oil and gas exploration & production company focused on the
North Sea and northern Europe, is pleased to announce encouraging modelling
results from further investigation on Licence 1/13 ("the Licence") that support
the Company's' belief that it is a highly prospective area for hydrocarbons.

The Company commissioned a study from IGI Ltd, a specialised contractor to the
oil industry, to model hydrocarbon generation and migration for the Licence
using industry standard modelling software and workflow. The purpose of this
study was to further investigate the migration of hydrocarbons from the Central
Graben, located approximately 100km away, and the central Graben's capacity to
generate hydrocarbons.

In the Company's CPR, the biogenic gas in the shallow Miocene sands is thought
to be generated locally and, therefore, a low risk factor was assigned in the
CPR to migration for the Miocene prospects. The deeper Chalk and Rotliegendes
structures are thought to depend on migration from the Central Graben to fill
them with hydrocarbons. As a result of the length of the migration pathway, a
high risk factor was assigned for migration into these prospects in the CPR,
which made it important to study this issue further.

Initial assessment from IGI's study, which took into account a large number of
scenarios, has now been completed with several important conclusions:

  * Significant amounts of hydrocarbons are likely to have been generated in a
    close-by area of the Danish Central Graben from which they may have
    migrated updip into the Licence;

  * Three dimensional modelling of the migration fairway shows that the
    potential exists for considerable migration from the Central Graben towards
    the Rotliegendes structure on the Licence taking into account oil trapped
    in fields in the Central Graben and very high migration losses between the
    Central Graben and the Licence; and

  * To improve the accuracy of the model will require clearer definition of how
    and where hydrocarbons could have left the Central Graben to start their
    migration on top of the Mid North Sea High. This could be the subject of
    further technical studies.

Rudolf Kleiber, CEO and Founder of Nordic Energy commented: "We are very
pleased with the results of this study which has helped provide further
confidence in our belief that hydrocarbons have migrated onto the Licence. A
reduction of migration risk would lead to an upgrade of risked resources,
subject to an update of the CPR. This will take place at a future date and will
consider the results of the IGI study as well as other ongoing work. We are
greatly encouraged to see that migration distance does not appear to limit
significantly the amount of oil that could have reached the License".

     The Directors of the Company are responsible for the contents of this
                                 announcement.

                                   **ENDS**

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

Chris Crawford
Allenby Capital
Tel: +44 20 3328 5656

Kelsey Traynor
Yellow Jersey PR Limited
Tel: +44 7799 003 220

Notes

Nordic Energy is an oil and gas exploration & production company focused on the
North Sea and northern Europe. The Company listed on the ISDX Growth Market in
October 2012 to acquire low cost entry opportunities in the UK, Danish and
Dutch offshore sectors. The Directors have significant experience in the Nordic
Region in particular and are focused on building a multi-project portfolio at
various stages of development including exploration and production. The main
focus is the Licence 1/13 which it acquired in September 2013. The Directors
continue to assess a number of assets in the Nordic Region and have a pipeline
of projects including exploration, development and production in Denmark, the
Netherlands and offshore UK.

Licence 1/13

Licence 1/13 is an 18 block licence located in the Danish North Sea, covering
an area of 3,622 sq km. The Licence is located approximately 60-100 km from the
edge of the Central Graben. The CPR reported 20 identified prospects and leads
with one gas discovery identified. The Maja gas discovery has net contingent
recoverable resource of 69 billion cubic feet of gas. The other 20 prospects
have potential for best estimate prospective recoverable resources of 1.8
billion barrels of oil 1.9 Tcf gas.

Central Graben

The Central Graben is the main oil and gas producing area in Denmark, Norway
and UK. It contains a large number of oil and gas fields and thick organic rich
Jurassic shales ("source rocks"), which have generated these hydrocarbons.
There is existing production and multiple discoveries located on this area.

IGI

IGI provides integrated petroleum geochemistry and basin modelling services for
the oil & gas industry in the areas of exploration and production