North Energy: North Energy ASA - PL 713 Pingvin well spudded

         North Energy: North Energy ASA - PL 713 Pingvin well spudded  Alta, 19 August 2014  Exploration drilling started up last night on the Pingvin prospect in production licence 713 in the Barents Sea.  The prospect is locatedwest of Johan Castberg. The well, 7319/12-1, is being drilled by Transocean Spitsbergen. The objective of the drilling is to detect hydrocarbons in the reservoir of Cretaceous/Tertiary age in Bear Island basin. Water depth at the well is approximately 420 meters, and the operation is estimated to26 days.   Partners in the licence are Statoil (operator 40 per cent share), RN Nordic Oil (20 per cent share), Edison (20 per cent share) and North Energy (20 per cent share).  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 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.     ------------------------------------------------------------------------------  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 HUG#1849533  
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