North Sea appoints Price advisory consultant to board

2017-09-26 02:36 ET - News Release

Mr. Ian Lambert reports
NORTH SEA ENERGY ANNOUNCES ADVISORY APPOINTMENT
North Sea Energy Inc. has appointed Barry James Price, BSc, MSc, PGeo, as an advisory consultant to the board of directors of the company, effective Sept. 26, 2017.
Barry Price has over 40 years of geological consulting experience, including over 30 years of experience in the directorship of public companies. His focus has been the provision of consulting geological services for major and junior exploration companies. These services include the preparation of National Policy 43-101-compliant qualifying reports, property evaluations and development of exploration programs, supervision of major drill programs, and preparation of valuations for reverse takeovers, major transactions and expropriations.

Mr. Price has worked worldwide, undertaking geological activities in Canada, United States, Mexico, Cuba, Panama, Nicaragua, People's Republic of China, Australia, Republic of South Africa, Portugal, Guinea, Ecuador, Argentina and Indonesia. His experience will be of great value to present management as it evaluates new resource opportunities for the company.

North Sea has granted Mr. Price 100,000 incentive stock options, pursuant to the North Sea stock option plan. The stock options have a three-year term and are exercisable up to Sept. 25, 2020, at an exercise price of five cents per share, which price is greater than the market price of the company's shares immediately preceding Sept. 26, 2017. All stock options and any shares issued on the exercise of stock options will be legended with a four-month exchange hold period commencing on the date the stock options were granted.

About North Sea Energy Inc.
The company, founded in February, 2007, is a United Kingdom-focused oil and gas exploration and appraisal company quoted on the TSX Venture Exchange. North Sea, along with its wholly owned subsidiary, North Sea Energy (U.K. NO2) Ltd., holds two high-impact opportunities in the U.K. North Sea. These opportunities are the Bagpuss and Blofeld prospects located in blocks 13/24c and 13/25 of the United Kingdom continental shelf. The company is actively engaged in seeking new resource opportunities to augment its current resource asset portfolio.