NUK North Sea Energy

North Sea Energy Inc. ("NSE" the "Company") (TSX VENTURE:NUK) is pleased to
announce that, through its wholly owned subsidiary North Sea Energy (UK) Limited
("NSE UK"), the Company has signed an agreement (the "Agreement") with Ithaca
Energy (UK) Limited ("Ithaca") and Dyas UK Limited ("Dyas"), whereby under the
terms of the Agreement, NSE UK agrees to withdraw from the Jacky Field (P.1392,
Block 12/21c), effective December 31, 2013. The Agreement settles all
outstanding issues and releases the Company of all future costs including
decommissioning liabilities from the effective date. An estimate of
decommissioning costs for the Jacky Field may be found in NSE's Q3, 2013
financial statements and MD&A.


The Jacky Field is located 12 miles off the Scottish coast and has been
producing light oil. Prior to completing the Agreement, NSE UK held a 10%
interest in the Jacky Field, while its partners, Ithaca and Dyas, held 47.5% and
42.5% interests respectively. Ithaca is the Operator of the Jacky Field.


"This Agreement removes a substantial amount of future financial uncertainty for
NSE," stated NSE CEO, Craig Anderson.


The Agreement is subject to the approval of the Department of Energy and Climate
Change (DECC).


About North Sea Energy Inc.

North Sea Energy Inc. (TSX VENTURE:NUK) is an oil and gas company that holds a
portfolio of high impact interests focused on the Moray Firth in the offshore
UKCS. These interests include Bagpuss and Blofeld (blocks 13/24c and 13/25),
Norfolk (blocks 12/16b and 12/17b), Cloud (block 14/29b), Del Monte (block 19/3)
and Golden Phoenix (block 18/10a).


Forward-looking statements

Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. In particular, forward- looking information in this press release
includes, but is not limited to, statements with respect to oil reserves and
resources and future revenues. Although we believe that the expectations
reflected in the forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. We cannot guarantee
future results, performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same, in whole or in
part, as those set out in the forward-looking information. Forward-looking
information is based on the opinions and estimates of management at the date the
statements are made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ materially
from those anticipated in the forward-looking information. Some of the risks and
other factors that could cause the results to differ materially from those
expressed in the forward-looking information include, but are not limited to:
general economic conditions in Canada, the United States, UK and globally;
industry conditions, including fluctuations in the prices of oil and natural
gas; governmental regulation of the oil and gas industry, including
environmental regulation; unanticipated operating events or performance which
can reduce production or cause production to be shut in or delayed; failure to
obtain industry partner and other third party consents and approvals, if and
when required; competition for and/or inability to retain drilling rigs and
other services; the availability of capital on acceptable terms; the need to
obtain required approvals from regulatory authorities; stock market volatility;
volatility in market prices for oil and natural gas; liabilities inherent in oil
and natural gas operations; competition for, among other things, capital,
acquisitions of reserves, undeveloped lands, skilled personnel and supplies;
incorrect assessments of the value of acquisitions; geological, technical,
drilling, processing and transportation problems; changes in tax laws and
incentive programs relating to the oil and gas industry; failure to realize the
anticipated benefits of acquisitions and dispositions; and the other factors.
Readers are cautioned that this list of risk factors should not be construed as
exhaustive.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
North Sea Energy Inc.
J. Craig Anderson
CEO
416-366-4700
canderson@northseaenergy.ca
www.northseaenergy.ca


Investor Relations:
Shanda Kilborn
416-366-4700
shanda@auburnpartners.com

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