2011-06-17-2011-05-20-2011-05-20

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Buyers
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Description

Acquired additional 15% interest in UKCS License P1077 Blocks 9/2b and 9/2c, which includes Kraken discovery.

Nautical Petroleum Plc, London, (London Aim: NPE) has acquired an additional 15% interest in UKCS License P1077 Blocks 9/2b and 9/2c in the U.K. North Sea from London-based Canamens Energy North Sea Ltd. for an undisclosed price.

The license includes the Kraken discovery. Nautical now has a 50% interest in the license.