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2015-05-27

North Energy: North Energy ASA - PL 591 Zumba well spudded

Alta, 27 May 2015

Exploration drilling has begun today on the Zumba prospect in production
licence 591 in the Norwegian Sea.

The prospect is located on the Haltenbanken in the Norwegian Sea,
approximately 14 km southeast of the Heidrun field. The well 6507/11-11 is
being drilled by the Leiv Eiriksson rig to a total depth of 3000 metres. The
total drilling operation is estimated to be completed in 60 days. The
objective of the well is to detect hydrocarbons in the upper Jurassic
sandstones.

Partners in the licence are Tullow Oil Norge AS (operator with 60 per cent),
Lime Petroleum Norway AS (25 per cent) and North Energy ASA (15 per cent).

Further information from:
Knut Sæberg, CFO and acting CEO

Mob: +47 918 00 720 | E-mail:knut.saeberg@northenergy.no

Kristin Ingebrigtsen, vice president organisation and communication
Mob: +47 926 05 601 E-mail:kristin.ingebrigtsen@northenergy.no

This information is mandatory under Section 5-12 of the Securities Trading
Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: North Energy via Globenewswire

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