Releases - Norse Energy Corp ASA

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2008

 

Found press releases

 

Record Production in the US

12/30/2008 2:32 AM EST
Norse Energy Corp. ASA (“NEC” ticker code OSE – NEC, Oslo, Norway, U.S OTC symbol “NSEEF”) is pleased to announce that the Company today reached a new all time high for its US natural gas production, now producing in excess of 6 000 Mcf (1 071 BOE) per day. After the divestiture earlier this year of all of its Jamestown NY Medina production assets for $67 million, the Company set as a goal replacing that production...

FINANCIAL CALENDAR, CORRECTION

12/22/2008 9:26 AM EST
The financial calendar for 2009 for Norse Energy Corp. ASA (“NEC” ticker code OSE – NEC, Oslo, Norway, U.S OTC symbol “NSEEF”) is as follows:

Date Event
February 27th, 2009 Fourth Quarter 2008 Results
May 19th, 2009 First Quarter 2009 Results and Annual General Meeting
August 18th, 2009 Second Quarter 2009 Results
November 10th, 2009 Third Quarter 2009 Results

Please note that the financial...

FINANCIAL CALENDAR 2009

12/22/2008 8:08 AM EST
The financial calendar for 2009 for Norse Energy Corp. ASA (“NEC” ticker code OSE – NEC, Oslo, Norway, U.S OTC symbol “NSEEF”) is as follows:

Date Event
February 27th, 2009 Fourth Quarter 2008 Results
May 19th, 2009 First Quarter 2009 Results and Annual General Meeting
August 18th, 2009 Second Quarter 2009 Results
November 10th, 2009 Third Quarter 2009 Results

Please note that the financial...

HERKIMER TREND CONTINUES TO EXCITE

12/18/2008 2:34 AM EST
Norse Energy Corp. ASA (“NEC” ticker code OSE – NEC, Oslo, Norway, U.S OTC symbol “NSEEF”) announces the successful completion of two new horizontal Herkimer wells in a field that is estimated to hold upwards of one half trillion cubic feet ( ~90 MMBOE) of natural gas. The most recent well had a significant gas show but has yet to be tested. The earlier of the two had an initial flow rate approaching one million...

Change of Currency Offer for Holders of NEC03 Bond Issue

12/17/2008 2:42 AM EST
Norse Energy Corp. ASA announces that NOK 60.5 million of the bondholders in NEC03 have accepted a voluntary offer to exchange existing bonds denominated in NOK for bonds in a new bond issue with USD currency and fixed interest of 9.5 %.

The new issue will have the same loan structure with annual interest payments from July and repayment in 2010, but with USD currency and coupon. For detailed information see...

Oil Discovery in Brazil

12/11/2008 2:25 AM EST
Norse Energy Corp. ASA (“NEC” ticker code OSE – NEC, Oslo, Norway, U.S OTC symbol “NSEEF”)

Norse Energy Corp. ASA (18,33%), in partnership with Petrobras (Operator), Queiroz Galvão Oil & Gas and El Paso, announce a discovery in the Copaíba exploration well in the BM-CAL-5 block, Camamu-Almada Basin.

On November 25th the Operator completed the drilling and flow test of the 1-BRSA-637D-BAS (1-BAS-140D) well in...

Realization of Oil Put Options

12/11/2008 2:24 AM EST
Norse Energy Corp. has completed the close-out of its oil put options.

Norse Energy had 1000 bbl/ day put options at strike USD 50 that expires on December 31st 2008 and 500 bbl/ day put options at strike USD 50 that expires on January 31st 2009.

Total proceeds netted from this transaction is USD 260 000.

Norse Energy Corp. has no oil put options after this transaction.

For further information please...

Notification of trade

12/2/2008 8:13 AM EST
La Barra Capital AS, a wholly owned company by Anders Kapstad, CFO in Norse Energy Corp ASA has on the December 2nd 2008 exercised forward contracts of 402,500 shares at NOK 8,34 and entered into a new three months forward contract of 402,500 shares at NOK 3,71 with maturity date March 2nd,2009.

After this transaction Anders Kapstad controls personally and through related companies a total of 408,500 shares....

Change of currency offer for holders of NEC04 PRO bond issue

12/2/2008 2:30 AM EST
Norse Energy Corp. ASA announces that a majority of the bondholders in NEC04 PRO (ISIN NO 001 0460355) have accepted a voluntary offer to exchange existing bonds denominated in NOK for bonds in a new bond issue with USD currency.

The new issue will have the same loan structure as NEC04 PRO, but with USD currency and coupon. For detailed information see attached term sheet.

The bonds will be exchanged at...

Notification of trade

11/19/2008 2:52 AM EST
Reference is made to notification of 24 September 2008 where Øivind Risberg, CEO in Norse Energy Corp ASA, through his wholly owned company Solodden AS entered into a forward contract for 5,200,000 shares in Norse Energy Corp ASA with maturity date 26 March 2009 at strike NOK 4.89. Solodden AS has today entered into an early exercise agreement resulting in the exercise of 2,542,500 at a strike price of NOK 4.771 per...

Norse Energy Corp ASA