Private placements of NOK 13.8 million

Since the NOK 12 million share issue completed in 2010 MOORE Energy AS (MOORE) has completed another NOK 13.8 million fund raising, including NOK 6.4 million share issues during the last six months and a NOK 6.5 million share issue in MOORE’s subsidiary Millennium Geo-Venture SAS (MGV) in September 2013.

Subsequent to the completed financing MOORE is fully financed to drill the SFH-1 well in Soufflenheim during 2014.

On a cumulated basis MOORE and its subsidiaries have financed its activities by a total of NOK 36 million (USD 6 million).