• 12/30/2015

    Notice of extraordinary general meeting 21 January 2016

  • 12/29/2015

    Noreco announces results of offer to buy back NOR10 bonds

  • 12/21/2015

    Noreco announces the sale of its Norwegian petroleum activities

    Oslo, 21 December 2015: Norwegian Energy Company ASA (‘Noreco’) announces that its fully owned subsidiary Noreco Norway AS (Noreco Norway) has entered into a Sale and Purchase Agreement (‘SPA’) with Djerv Energi AS (‘Djerv’) for the sale of its exploration licence interests, organisation and management systems. The owners of Djerv will be a US based investment fund (70%) and Noreco (30%). The owners of Djerv will subscribe on equal terms prorata in a primary offering, to ensure that the compa...
  • 12/18/2015

    Noreco provides an offer to buy back NOR10 bonds

    Not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Canada, Australia, Hong Kong or Japan or any other jurisdiction in which the release, publication or distribution would be unlawful. Oslo, 18 December 2015: Norwegian Energy Company ASA (“Noreco”, the "Issuer" or the “Company”) announces an offer to buy back NOR10 bonds up to a nominal amount of NOK 235 million (the "Buy-Back Offer”). NOR10 (ISIN: NO0010697030) is a secured...
  • 12/18/2015

    Noreco announces entering into partnership with Awilhelmsen Special Opportunities and QVT with regards to the Siri insurance claims

    Oslo, December 18th, 2015: Norwegian Energy Company ASA (“Noreco”), announces signing an agreement to enter into partnership with Awilhelmsen Special Opportunities AS and QVT Financial LP to pursue the Siri insurance claims, with the aim to maximise the proceeds from these. Noreco believes this partnership will significantly increase the likelihood of success in the on-going litigation. The partnership agreement secures a minimum recovery for Noreco of USD 15 million. Entering into the...
  • 11/25/2015

    Noreco announces completion of Oselvar transaction

  • 11/12/2015

    Noreco announces third quarter 2015 results

    Oslo, 12 November 2015: Norwegian Energy Company ASA group (“Noreco” or the “Company”) and the subsidiary Noreco Norway AS (“Noreco Norway”) today announces results for the third quarter 2015. Please see attached the financial reports for Norwegian Energy Company ASA and Noreco Norway AS, respectively. The material is also available on www.ose.no and www.noreco.com . Contact: investorrelations@noreco.com Q3 2015 report Norwegian Energy Company ASA Q3 2015 report Noreco Norway AS
  • 11/2/2015

    Noreco provides an update on the Huntington licence

    Oslo, 2 November, 2015: Norwegian Energy Company ASA (Noreco) reports that its UK subsidiary, Noreco Oil UK, has been served a notice of default (the Notice) under the Joint Operating Agreement (JOA) governing the Huntington licence. Post the completed restructuring in April 2015, Noreco retained Stellar Energy Advisors to sell its 20% participating interests in the Huntington licence. This process has now been terminated as no acceptable offers were received. The default relates to non-payme...
  • 10/13/2015

    Noreco announces management changes

    Stavanger, 13 October 2015: Norwegian Energy Company ASA (Noreco) announces that Tommy Sundt is stepping down as CEO of Noreco ASA. Since joining Noreco in September 2014, Tommy Sundt has played a very important role during the financial and corporate restructuring of the Company. Whilst Mr. Sundt’s role as CEO for the Noreco group will cease with effect from this announcement, Mr. Sundt will continue to fill the role as general manager for the Norwegian operations until the end of 2015. Mr....
  • 10/8/2015

    Production September 2015

    Stavanger, 8 October 2015: Net production for Norwegian Energy Company ASA (Noreco) in September 2015 is estimated at 3 186 barrels of oil equivalents (boe) per day. Net realised price in September was USD 43.2 per boe (USD 46.3 per barrel of oil) after adjustments for inventory, NGL and gas prices. Production per field in September 2015 (August 2015 in brackets): All in boepd Huntington – 2 703 (3 084) Oselvar – 483 (478) Lulita – 0 (0) Total – 3 186 (3 561) The Huntington field has had stab...
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