Premier Oil plc. Announced: Farm-In to UK Bagpuss/Blofeld Area, Potential High Impact 2014 Well

North Sea Energy Inc. ("NSE" or the "Company") (TSX VENTURE:NUK) noted that
Premier Oil plc. today announced the following, "In August 2013, Premier
successfully farmed in for a 37.5 per cent interest in Blocks 13/24c and 13/25,
which contain the Bagpuss and Blofeld prospects. The prospects, which Premier
evaluates to be heavy oil targets, are located on the Halibut Horst which is a
well-defined basement high within the Moray Firth. Analysis of the 1981
discovery well result suggests that the Bagpuss and Blofeld prospect together
could contain up to 2 billion barrels of oil in place. It is envisaged that an
initial well on one of these features will spud in late 2014."


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, including a 15%
working interest the Bagpuss and Blofeld prospects(1).


(1) For further information on the Bagpuss and Blofeld prospects, please refer
to NSE press release dated June 27, 2013 (Senergy (GB) Limited, May 30, 2013). 


Oil-In-Place is that quantity of petroleum that is estimated to exist originally
in naturally occurring accumulations. It includes that quantity of petroleum
that is estimated, as of a given date, to be contained in known accumulations,
prior to production, plus those estimated quantities in accumulations yet to be
discovered (equivalent to "total resources"). It should be noted that there is
no certainty that any portion of the resources will be discovered. If a
discovery is made, there is no certainty that it will be commercially viable to
produce any portion of the resources or, if it is developed, there is no
certainty as to the timing of such development. Resource categories are as
defined in the Canadian Oil and Gas Evaluation Handbook (COGEH).


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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