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Wellesley Petroleum AS appoints Kari Langvik Ă˜sthus as new Norway Country Manager

Posted: 29 September 2017

Wellesley Petroleum AS, an oil and gas explorer focused on the Norwegian Continental Shelf appoints Kari Langvik Østhus to lead the company in Norway as the operator enters a new phase of activity.

Kari Langvik Østhus (36) is a co-founder

of Wellesley and has previously worked as an exploration geophysicist with Revus Energy, Wintershall and Cairn Energy. More recently, Kari has taken responsibility for managing Wellesley’s new venture projects.

- Kari has demonstrated very strong managerial talent in her most recent role. That, coupled with her deep understanding of exploration, makes her the ideal candidate to lead our Norwegian business forward, says Chris Elliott, CEO of the Wellesley Group.

Reflecting Wellesley’s strategy and future growth plans, the current Norway Country Manager, Callum Smyth (50) will take the post of Operations and HSE Manager.

- The changes in the management team reflect the new phase that the company is entering. It allows us to orientate towards a more operator-focused model, assuming responsibility for drilling of exploration targets matured in our licence portfolio, Elliott explains.

Wellesley has recently completed its first operated well (33/9-22S, Northern North Sea), two and a half years after the company was established.

About Wellesley Petroleum

Wellesley Petroleum is an independent oil company focused on exploration on the Norwegian Continental Shelf (NCS). Wellesley is a qualified 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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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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