NORDIC ENERGY PLC - Half-yearly Report

                                                                31 January 2014

                               Nordic Energy Plc
                          ("Nordic" or the "Company")

                           Unaudited Interim Results


The Directors of Nordic Energy, the oil and gas E&P company focused on Denmark,
Norway and the North Sea sectors of the Netherlands and the UK ("Nordic area"),
are pleased to present the Company's unaudited interim results for the six
month period ended 30 November 2013.

Highlights:

  * Successful acquisition of Licence 01/13("Licence"); the largest exploration
    and production licence in the Danish North Sea

  * Applied for a further licence of eight offshore blocks in the Danish Sea,
    adjacent to Licence 01/13

  * Initiation research note published by Allenby Capital

  * Sufficiently cash funded for the next steps of the work programme


CEO's Statement

Since the year end, the Company has made further progress in achieving the
goals it set out on its listing on the ICAP Securities & Derivatives Exchange
("ISDX") in October 2012. Within our first year of being a listed Company, we
announced in September 2013 the successful application and acquisition of
Licence 01/13, the largest exploration and production licence in the Danish
North Sea, covering an area of 3,622 sq km in a proven hydrocarbon system. This
Licence is located close to existing production and multiple discoveries in the
Central Graben (50 km) and Siri (100 km) areas.

Since the acquisition of the Licence, the Company has been evaluating the
existing data over the Licence area and believes this area to be highly
prospective with several different play types and potential reservoir levels.
The Company will keep shareholders informed as and when the results of this
analysis are completed.

As stated when the Company listed, Nordic's investment strategy is to focus on
oil and gas exploration and production opportunities, predominantly in the
North Sea and Northern Europe, with an initial focus on the North Sea sectors
of Denmark, Norway and the Netherlands. Nordic continues to evaluate
exploration and production opportunities in these areas and, on 14 January
2014, the Company announced that it has applied to the Danish Energy Agency for
an additional exploration and production licence in the Danish North Sea
covering eight offshore blocks comprising an area of 1,750 sq km directly
adjacent to Nordic's existing licence.

Alongside these operational developments, we were pleased to announce that
Allenby Capital published analyst research on the Company. A link to this
research note can be found on the "Home" page of our website at
www.nordicenergyplc.com.

We continue to work hard towards the objectives of the Company, establishing
Nordic within the Danish Sea. We will soon be able to provide a technical
update that should help define the potential of the Licence area and look
forward to keeping shareholders informed with the developments we make.

The Company is also pleased to report that it has sufficient cash to carry out
the agreed work programme for the near future. As a result, the next six months
will be focused on advancing the process of evaluating the prospectivity of the
existing Licence as well as, hopefully, being awarded the other licence.

R.Kleiber
Director



UNAUDITED PROFIT AND LOSS ACCOUNT

                                            6 Months      6 Months         Year
                                               ended         ended        ended
                                         30 November   30 November       31 May
                                                2013          2012         2013

                                           Unaudited     Unaudited      Audited

                                                 GBP           GBP          GBP


Administrative Expenses                     (63,746)      (64,842)    (110,836)

OPERATING LOSS                              (63,746)      (64,842)    (110,836)

Interest receivable and similar                  253            95          385
income

LOSS ON ORDINARY ACTIVITIES BEFORE          (63,493)      (64,747)    (110,451)
TAXATION

Tax on loss on ordinary activities                 -             -            -

LOSS FOR THE FINANCIAL PERIOD               (63,493)      (64,747)    (110,451)

Loss per share - basic                       (0.07)p       (0.07)p      (0.15)p


All amounts relate to continuing operations.

There were no recognised gains and losses for the six months to 30 November,
2013 other than those included in the Profit and loss account.



UNAUDITED BALANCE SHEET
AS AT 30 NOVEMBER 2013

                                           As at 30       As at 30        As at
                                           November       November       31 May
                                               2013           2012         2013

                                          Unaudited      Unaudited      Audited

                                                GBP            GBP          GBP

FIXED ASSETS

Tangible Assets                              32,680              -       11,472

CURRENT ASSETS

Debtors                                       8,921         12,031       16,371

Cash at bank                                287,602        423,639      370,084

                                            296,523        435,670      386,455

CREDITORS : amounts falling due             (3,500)        (6,417)      (8,378)
within one year

NET CURRENT ASSETS                          293,023        429,253      378,077

NET ASSETS                                  325,703        429,253      389,549

CAPITAL AND RESERVES

Called up share capital                      94,880         94,400       94,880

Share premium account                       405,120        399,500      405,120

Profit and loss account                   (174,297)       (64,647)    (110,451)

SHAREHOLDERS' FUNDS                         325,703        429,253      389,549




Notes to the financial results

 1. The financial information for the period ended 30 November 2013 has not
    been audited or reviewed by the Company's auditors and does not constitute
    statutory accounts within the meaning of Section 434 of the Companies Act
    2006.


The Directors of the Company take responsibility for this announcement.


For further information, please visit www.nordicenergyplc.com or contact:

Nordic Energy Plc          Rudolf Kleiber                 020 7283 0179
Nordic Energy Plc          Patrick Rocholl                020 7283 0179
Cairn Financial Advisers   Jo Turner / Liam Murray        020 7148 7900
Allenby Capital Ltd        Chris Crawford                 020 3328 5656
Yellow Jersey PR Ltd       Kelsey Traynor                 077 9900 3220


Notes

Nordic Energy is focused on oil and gas exploration & production in the North
Sea and northern Europe. In September 2013, it acquired Licence 1/13, the
largest exploration and production licence in the Danish North Sea, covering an
area of 3,600 sq km. The Licence is located approximately 50 km from the edge
of the Central Graben, where existing production and multiple discoveries are
located, and 100 km from the Siri Area which has a number of Tertiary fields.
Two previous wells were drilled on the licence 1/13 area in 1970s, one of which
was estimated to flow 2 million cubic feet gas per day during controlling
operations from a 29' Miocene sand.

Nordic Energy is in the process of having all original data reinterpreted
which, along with new well data and a pseudo 3-D volume, will be incorporated
into an updated geological model for the Licence area, the results of which
will be included in a new Competent Person's Report.

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