UK: Nautical Petroleum Spuds Kraken Appraisal Well

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

The drilling activity is being performed by the Ocean Nomad semi submersible rig and the full programme 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.

[mappress]

Source: Nauticalpetroleum, August 13, 2010: