Oil and gas minnow North Sea Energy (NSE) today said today partners on its Norfolk prospect were considering the location of a development well at the Moray Firth project.
Operator First Oil Expro completed a seismic study in November 2012 before re-evaluating the prospect.
NSE is a UK-focused oil and gas exploration and production company listed on the Toronto Venture Exchange.
The firm is producing light oil from the Jacky field, located in the Inner Moray Firth and has acquired an interest in nine blocks in the North Sea.
It owns a 20% stake in the project with First Oil 35%, Premier Oil 25% and Cairn Energy 20%.