Presentation of the merger between New Brazil Holding and Pan Petroleum

3/16/2010 2:47 AM EST

New Brazil Holding ASA (“NBH”), a company controlled by Norse Energy Corp. ASA (“NEC”), and Pan-Petroleum (Holding) Cyprus Ltd. (“Pan-Petroleum”) have entered into a business combination agreement. An analyst and investor presentation of the merger will be held today, Tuesday March 16, 2010 at 08:30 CET at Shippingklubben in Haakon VIIs gate in Oslo. The presentation will also be webcasted live, and can be accessed via www.norseenergy.com.

Please find the presentation enclosed.
For further information:

Anders Kapstad, CFO Norse Energy Corp. ASA
Cell: +47 91 81 74 42
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Presentation of the merger between New Brazil Holding and Pan Petroleum