United Kingdom – Thursday, May 24, 2018:

Azinor Catalyst Limited (“Catalyst”), the Seacrest Capital Group-backed E&P Company focused on the UK Continental Shelf, is pleased to announce that it has been awarded two licences in the UK Government’s 30th Offshore Licensing Round.

The company has been awarded the following licences:

• 14/20a (split) (partnered with Dyas UK)
• 15/17c & 18c (partnered with Ping Petroleum)

These licences have been awarded on a drill-or-drop basis and are located in the Outer Moray Firth, Central North Sea. Azinor Catalyst will hold Operatorship in each of the licences.

The company is on plan to drill its Agar-Plantain well later this year and looks forward to progressing other opportunities on its newly awarded acreage.

Catalyst is delighted to be working with two such established producers and North Sea operators as Dyas and Ping Petroleum.

Nick Terrell, Managing Director of Azinor Catalyst, commented:

“We are delighted to have been awarded these licences that will both consolidate and indeed strengthen our position in the UKCS as one of the region’s leading explorers. We are very excited about our planned drilling at Agar/Plantain this year and believe these awards will enable us to identify attractive opportunities across our portfolio as we look to broaden our asset base.”