Fourth Quarter Report 2012

28 February 2013

Norse Energy Corp. ASA ("NEC" ticker code OSE - NEC, Oslo, Norway) and its subsidiaries ("Norse Energy" or "the Company") today reported results for the fourth quarter ended 31 December 2012.

The fourth quarter report is attached and will be made available on the Company's website:

Norse Energy owns or leases approximately 130,000 net acres in New York State of which ~33,000 lie in the liquids rich shale fairways of Western New York, and the remaining ~97,000 net acres lie in the Marcellus and Utica natural gas fairways of Central New York. Externally certified contingent resources total 951 MMBOE.

For further information, please contact:

J. Chris Steinhauser, Chief Financial Officer

Direct: +1 713 975 1900 Ext 105


S. Dennis Holbrook, Chief Legal Officer

Direct: +1 716 218 4210



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