APA 2018 Awards

January 15, 2019

Stavanger 15th January 2019: Wellesley Petroleum AS (“Wellesley” or “The Company”) notes the Press Release issued today by the Ministry of Petroleum and Energy (MPE) announcing offers for Production Licences applied for in the APA 2018 licencing round. Wellesley has been offered to participate in six licences, including two firm well commitments.

Chris Elliott, CEO of the Wellesley Group of companies commented: “We are pleased to be offered these highly prospective licences, and in particular PL986 and PL1008, both with firm well commitments.”

The MPE announcement can be found at the following link:

https://www.regjeringen.no/no/aktuelt/tfo-2018–ny-rekordhoy-tildeling-for-videre-utforskning-av-norsk-sokkel/id2625506/

Press contact: Chris Elliott, Wellesley Group CEO: +47 51 20 44 22

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