North Sea Energy Secures Farm-In Agreement with Maersk Oil North Sea UK Limited on the Bagpuss and Blofeld Prospects

North Sea Energy Inc. ("NSE" or the "Company") (TSX VENTURE:NUK) is pleased to
announce that through its wholly owned subsidiary, North Sea Energy (UK NO2)
Limited ("NSE UK2"), it has entered into a farm-in agreement with Maersk Oil
North Sea UK Limited ("Maersk Oil") to participate in the initial exploration
and appraisal of the Company's UK North Sea blocks 13/24c and 13/25 ("Bagpuss
Prospect"). 


Blocks 13/24c and 13/25, containing the Bagpuss and Blofeld prospects, were
awarded to NSE UK2 and EnCounter Oil Ltd. (as Licence Administrator) under
Promote Licence P.1943 in the UKCS 27th Licensing Round effective from 1st
January 2013. NSE UK2's working interest in the licence is 40%, EnCounter Oil
Ltd. 40%, and Groliffe Ltd. subsequently exercised its right to back in to the
licence for a 20% working interest. The Prospects are located on the Halibut
Horst which is a well-defined basement high within the Moray Firth, in the North
Sea, United Kingdom. 


Under the farm-in agreement, Maersk Oil is to carry 100% of NSE's costs, subject
to a cap, to drill the initial Bagpuss Prospect exploration well including a
site survey and agreed past costs. In addition, Maersk Oil is to carry 50% of
NSE's costs, subject to a cap, on a Bagpuss appraisal well should one be
drilled. In return, Maersk Oil will acquire a 25% working interest and NSE will
retain a 15% working interest in blocks 13/24c and 13/25. It is expected that
the initial well at Bagpuss could spud in 2014.


NSE has been advised that its partners in the Bagpuss and Blofeld Prospects,
Encounter Oil Ltd. and Groliffe Ltd., have successfully reached agreements with
a farm-in partner. Encounter Oil Ltd. will retain a 15% working interest and
Groliffe Ltd. will retain a 7.5% working interest, with their farm-in partner
acquiring a 37.5% working interest in blocks 13/24c and 13/25.


The proposed transactions are subject to the approval of UK Department of Energy
and Climate Change (DECC) and third party consents.


"We are very excited to have successfully farmed-out the Bagpuss Prospect to a
world-class partner in Maersk Oil for the initial exploration and appraisal of
the Prospect," stated Craig Anderson, CEO of the Company.


About North Sea Energy Inc.

NSE (TSX VENTURE:NUK) is a UK-focused oil and gas exploration and production
("E&P") company listed on the TSX Venture Exchange. NSE is producing light oil
from the Jacky field, located in the Inner Moray Firth off the Scottish coast
and has acquired an interest in nine blocks in the North Sea.


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 oil reserves and
resources 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
North Sea Energy Inc.
J. Craig Anderson
CEO
416-366-4700
canderson@northseaenergy.ca
www.northseaenergy.ca


Auburn Partners Inc.
Investor Relations
647-430-8760
shanda@auburnpartners.com
wesleigh@auburnpartners.com
North Sea Energy Inc. (TSXV:NUK)
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