North Energy : North Energy ASA - government approves licence sale

      North Energy : North Energy ASA - government approves licence sale

Alta,3 July 2013

Approval has now been received from the Ministry of Petroleum and Energy
concerning the purchase and sale agreement between North Energy and Spike
Exploration Holding.

As reported in the stock exchange announcement of 3 May 2013, North Energy is
selling a 10 per cent holding in PL 299 and a 10 per cent holding in PL 590 to
Spike Exploration Holding with accounting effect from 1 January 2013.

North Energy thereby retains 10 per cent in PL 299 and 30 per cent in PL 590.

Further information from:
Erik Karlstrøm, CEO
Mob: +47 476 52990 | E-mail: erik.karlstrom@northenergy.no

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

Kristin Ingebrigtsen, vice president strategy and PA/PR
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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Source: North Energy via Thomson Reuters ONE
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