LONDON, November 14 /PRNewswire/ -- Canamens is pleased to announce that it has been offered participation in 5 Licences in the UK 25th Seaward Licensing Round.

Canamens has been awarded the following Traditional License as operator: Block Operator Canamens Firm Contingent Duration Obligations Obligations Interest 8/25b Canamens 35% Reprocess Drill or 4 years Seismic Drop

Canamens has also been awarded, in collaboration with other venture partners, 4 further Traditional Licenses: Block Partners Canamens Firm Contingent Duration Interest Obligations Obligations 3/22 Rocksource, 40% EM Drill or 4 years Nautical Feasibility Drop Petroleum Study 3/26 Rocksource, 40% EM Drill or 4 years Nautical Feasibility Drop Petroleum Study 9/2c Celtic, 35% To be 4 years Nautical confirmed Petroleum 9/6 Celtic, 35% Seismic Drill or 4 years Nautical Drop Petroleum

The award of these Licences represents a major development in Canamens' involvement in the UK North Sea. Block 8/25b is Canamens' second license in the UK North Sea as operator and its first directly from a licensing round.

Commenting on these latest licensing awards, Canamens CEO Greg Coleman said: We are delighted to be participating in these UK North Sea blocks. We are particularly pleased to have been awarded the operatorship of block 8/25b. We believe that the North Sea still has much to offer the UK in terms of further crude oil and natural gas exploration, development and production. Canamens very much looks forward to playing a part in exploiting this critical national resource.

These awards come on top of the recent completion of the acquisition of a series of interests from Nautical Petroleum and our participation with Total in blocks 8/14 and 8/15. Together these provide Canamens with a strong foundation to build a material business in the North Sea.

Notes to Editors

Canamens is a private equity funded upstream oil and gas company. Its aim is to acquire assets with existing or near-term production opportunities, with field development and exploration potential where it can add real value through its industry experience and through its relationship with leading industry service providers. Sector Asset Management and Goldman Sachs are its two principal investors.

For further information please contact: Canamens Energy Limited +44-207-845-7555 Greg Coleman, Chief Executive Tony Carruthers, Commercial Director Cynthia Dubin, Finance Director http://www.canamens.comUH Bell Pottinger +44-207-861-8562 Roger Cartwright

For further information please contact: Canamens Energy Limited, +44-207-845-7555, Greg Coleman, Chief Executive, Tony Carruthers, Commercial Director, Cynthia Dubin, Finance Director. Bell Pottinger, +44-207-861-8562, Roger Cartwright