Noreco ASA - October 2007 Production

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Noreco`s (Norwegian Energy Company ASA) oil, gas and NGL production for October 2007 was 11,400 barrels of oil equivalents (boe) per day. The average price achieved was 82 US$ per boe.

The October 2007 production volume is preliminary and is subject to adjustments, including final allocations between fields, quality adjustments and prices.


Contact:

Scott Kerr, CEO (+47 992 83 890)

Einar Gjelsvik, VP Investor / External Relations
(+47 992 83 856)