22 January 2014
Nordic Energy plc
("the Company" or "Nordic")
Director's Dealing
Nordic Energy PLC, an oil and gas E&P company focused on Denmark, Norway, and
the North Sea sectors of the Netherlands and the UK (the Nordic Area), advises
that the following dealing has occurred by a director in order to provide
liquidity to the market pursuant to an orderly market agreement. On the 20
January 2014, Patrick Rocholl, a director sold 200,000 shares in the company,
details of which are set out below:-
Director Sale Number of Total holding Holding as a
price per shares sold subsequent to the percentage of issued
share sale share capital
Patrick 7.5p 200,000 9,752,000 10.27%
Rocholl
Total Voting Rights
For the purposes of the Disclosure and Transparency Rules, the Company's total
issued share capital at the date of this notice comprises 94,880,000 ordinary
shares of 0.1p each, with one voting right per share. There are no shares held
in treasury.
The above figure of 94,880,000 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company, under
the Disclosure and Transparency Rules.
The Directors of the Company take responsibility for this announcement.
For further information, please visit www.nordicenergyplc.com or contact:
Nordic Energy Plc Rudolf Kleiber 01932 865 111
Nordic Energy Plc Patrick Rocholl 020 7283 0179
Cairn Financial Advisers Jo Turner / Liam Murray 020 7148 7900
Allenby Capital Ltd Chris Crawford 020 3328 5656
Yellow Jersey PR Ltd Kelsey Traynor 077 9900 3220
Notes
Nordic Energy is focused on oil and gas exploration & production in the North
Sea and northern Europe. In September 2013, it acquired Licence 1/13, the
largest exploration and production licence in the Danish North Sea, covering an
area of 3,600 sq km. The Licence is located approximately 50 km from the edge
of the Central Graben, where existing production and multiple discoveries are
located, and 100 km from the Siri Area which has a number of Tertiary fields.
Two previous wells were drilled on the licence 1/13 area in 1970s, one of which
was estimated to flow 2 million cubic feet gas per day during controlling
operations from a 29' Miocene sand.
Nordic Energy is in the process of having all original data reinterpreted
which, along with new well data and a pseudo 3-D volume, will be incorporated
into an updated geological model for the Licence area, the results of which
will be included in a new Competent Person's Report.