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Exploration drilling result: Well 33/9-22 S

Posted: 15 September 2017

Stavanger (15.09.17). Wellesley Petroleum AS (“Wellesley”) notes the NPD announcement of the results of well 33/9-22 S in Production Licence PL881 (see link below). The well is dry. Wellesley participates in PL881 with a 70% operated working interest.

Well

33/9-22 S was the first drilling operation conducted by Wellesley. The well was completed without incident and within budget.

www.npd.no/en/news/Exploration-drilling-results/2017/339-22-S/

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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APA 2016 Awards

Posted: 17 January 2017
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Wellesley Petroleum AS pre-qualified as a Licence Operator on the NCS

Posted: 4 November 2016

Stavanger (04-11-2016): Wellesley Petroleum AS (“Wellesley” or “The Company”) has received confirmation from the Ministry of Petroleum and Energy that the Company is now pre-qualified as an Operator of production licences on the Norwegian Continental

Shelf (NCS). Wellesley will now look to build an operated licence portfolio through licence rounds and commercial acquisitions, focusing on exploration and appraisal opportunities.
Chris Elliott, CEO of the Wellesley Group of companies commented: “We are pleased to be qualified to assume the responsibilities of operating licences on the NCS. Our aim is to develop into an active exploration operator that matures licences towards drill decisions and operates the subsequent drilling activities. Operatorship allows us to drive exploration activity on the NCS, which we still consider to be a highly prospective area.”

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Exploration drilling result: Well 36/7-4

Posted: 16 September 2016

Stavanger (16.09.2016). Wellesley Petroleum AS (“Wellesley”) notes the NPD announcement of the results of well 36-7/4 in Production Licence PL636 (see link below). The well is an oil and gas discovery. Wellesley participates in PL636 with

a 20% non-operated working interest.


www.npd.no/no/Nyheter/Resultat-av-leteboring/2016/367-4

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