Nautical Petroleum Spins Bit in North Sea

Nautical Petroleum announced that the 9/02b-D appraisal well on North Sea Block 9/2b spudded on August 12, 2010.

The drilling activity is being performed by the Ocean Nomad semi submersible rig and the full program is expected to take approximately 45 days. A further announcement will be made once the drilling is completed.

Nautical holds a 35% equity share in North Sea Block 9/2b and is the operator.

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