Exploration Drilling Result: Well 35/9-13, 35/9-14 and 35/9-14A

March 21, 2018

Stavanger (03.04.18). Wellesley Petroleum AS (“Wellesley”) notes the NPD announcement of the results of wells 35/9-13, 35/9-14 and 35/9-14A in Production Licence PL682 (see link below). Wellesley participates in PL682 with a 20% working interest.

http://www.npd.no/en/news/Exploration-drilling-results/2018/Minor-oil-discovery-northwest-of-the-Gjoa-field-in-the-North-Sea–359-13-359-14-and-359-14-A/

Wellesley Petroleum is an independent oil company focused on exploration on the Norwegian Continental Shelf (NCS). Wellesley is qualified as an operator on the NCS and has built an attractive acreage position to enable the Company to be an active participant in exploration drilling in the coming years. Wellesley is funded by Bluewater Energy LLP and associates, specialist investors in the energy sector.

www.wellesley.no

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