PRESS RELEASES

2010

DISCOVERY ON THE MARIA PROSPECT IN PL 475BS (22.07.2010) SPRING ENERGY INCREASES EXPLORATION LOAN FACILITY (21.06.2010) SALE OF EXPLORATION LICENSE (11.06.2010) DRY EXPLORATION WELL ON PL 337 (10.05.2010) SPRING ENERGY CONTINUES TO BUILD VALUE THROUGH THE ACQUSITION OF ASSETS FROM WINTERSHALL (04.05.2010) 2009 RESULTS AND ANNUAL REPORT (26.03.2010) BOARD OF DIRECTORATE CHANGES (08.03.2010) AWARDED NCS BUSINESS DEVELOPER OF THE YEAR 2009 (01.02.2010) AWARDED 4 LICENSES IN APA 2009 (20.01.2010) FURTHER EXPLORATION SUCCESS (13.01.2010)

2009

SPRING ENERGY ACQUIRES A 20 % WI IN PL 377S (18.12.2009) STEP CHANGE THROUGH ACQUISITION OF FIRST PRODUCING ASSET AND ATTRACTIVE EXPLORATION AND APPRAISAL PORTFOLIO (18.11.2009) SUCCESSFUL BREAM DELINEATION WELLS 17/12-4, 17/12-4A AND 17/12-4B (26.08.2009) OIL AND GAS DISCOVERIES IN FIRST EXPLORATION WELL ON PL 378 (08.07.2009) FURTHER INCREASE IN CREDIT FACILITY TO STEP UP NCS EXPLORATION AND APPRAISAL ACTIVITIES (29.06.2009) APPRAISAL WELL STARTED ON PL 407 (18.06.2009) FIRST EXPLORATION WELL COMMENCED ON PL 378 (02.06.2009) PRE-QUALIFIED AS OPERATOR (18.05.2009) AWARDED 2 LICENSES IN 20th ROUND (04.05.2009) SPRING ENERGY EXPANDS ITS EXPLORATION LOAN FACILITY WITH SEB (23.04.2009) SPRING ENERGY ACQUIRES A 15 % WI IN PL 405 and PL 405B (05.03.2009) SPRING ENERGY ACQUIRES A 20 % WI IN PL378 (28.01.2009)

2008

AWARDED 4 LICENSES IN APA 2008 (19.12.2008) THORLEIF ENGER NOMINATED AS NEW CHAIRMAN OF THE BOARD (07.11.2008) SPRING ENERGY ACQUIRES A 30 % WI IN PL 411 (06.11.2008) SPRING ENERGY ACQUIRES A 30 % WI IN PL344 (14.10.2008) SPRING ENERGY ACQUIRES A 20 % WI IN PL388 (02.10.2008) SPRING ENERGY SIGNS LOAN FACILITY AGREEMENT WITH SEB (12.08.2008) SPRING ENERGY PREQUALIFIES AS A LICENSEE (14.07.2008) SPRING ENERGY BUYS INTO THREE NORWEGIAN NORTH SEA OIL DISCOVERIES (30.06.2008) HITEC INVESTS IN SPRING ENERGY (24.04.2008)