North Sea Energy Inc. announce that the UK Department of Energy and Climate Change (DECC) has published a second tranche of licences offers in the 27th Seaward Licensing Round in the UK North Sea in which NSE, together with its partner, EnCounter Oil Limited ("EnCounter"), have been offered two new promote licences. The award includes blocks 19/2 and 19/3 containing the Kipling and Del Monte leads (NSE - 40% interest, EnCounter - 60% interest), and block 18/10 containing the Golden Phoenix lead (NSE - 40% interest, EnCounter - 60% interest). A joint data room to farm-down interests in these blocks will be opened in the New Year. NSE holds its interest in these licences through its wholly-owned subsidiary, North Sea Energy (UK No2) Limited.
Kipling and Del Monte Leads - Blocks 19/2 and 19/3
The Del Monte lead is a stratigraphic trap within the Upper Jurassic Burns Unit sandstone. At Burns Sandstone level, the crest lies at 5,600 feet and the maximum closing contour is 6,100 feet, giving a potential column height of 500 feet.