Nature Oil & Gas wins offshore service contract (9055J)

TIDMNGR

RNS Number : 9055J

Nature Group PLC

07 July 2011

NATURE GROUP PLC

("Nature or the "Group")

Nature Oil & Gas wins offshore service contract

Nature Group PLC (AIM: NGR), announces that its Norwegian subsidiary, Nature Oil and Gas AS ("Nature Oil & Gas"), has been awarded an initial service contract by North Atlantic Drilling AS ("Seadrill"). The contract with Seadrill is for the treatment of slop water onboard drilling ship West Navigator at the Shell operated Norwegian Ormen Lange Field. The on-site treatment and operations period is expected to take at least one month.

Nature will provide its "Compact Treatment Unit" (CTU) for an on-site waste water treatment solution. The Compact Treatment Unit is targeted to reduce on-site waste volumes with 90% and an effective treatment in accordance to Norwegian discharge criteria under 30ppm.

Nature Oil & Gas also expects that its periodic contract with Transocean Arctic Drilling rig will take place as planned at the end of August this year.

The systems proven capabilities and results together with the Seadrill contract demonstrate the acceptance of Nature CTU's as a proven technology. Management expect this to lead to more service agreements and an increase in volumes in the near future. Nature Oil & Gas is currently expanding its CTU fleet, which will enable a swift and sustainable waste treatment solution for both onshore and offshore customers on a long term as well as a short term quick response basis.

For further information please contact:

 
 Nature Group Plc 
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 Richard Eldridge             Chairman              Tel 0044 1841 533611 
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 Bernard Muller               Deputy Chairman       Tel 0031 653 30 
                                                     5775 
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 Andreas Drenthen             CEO                   Tel 0031 181 291144 
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 Peter Snell                  FD                    Tel 0044 7000 892481 
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 Northland Capital Partners   (Nominated Adviser) 
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 Shane Gallwey                                      Tel 0044 2077 968823 
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 Rod Venables                                       Tel 0044 2077 968827 
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 WH Ireland                   (Broker) 
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 Sebastian Wykeham                                  Tel 0044 2072 200473 
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 Ruari McGirr                                       Tel 0044 2072 201666 
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 Hermes Financial PR 
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 Chris Steele                                       Tel 0044 7979 604687 
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 Trevor Phillips                                    Tel 0044 7889 153628 
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