Loan Conversion Notification
28 August 2013
Norse Energy Corp. ASA ("NEC") has received a notification of conversion of NOK 400,000 of its NOK 7,100,000 convertible loan at a conversion price per share of NOK 0.075, representing issue of a total of 5,333,333 new shares. The conversion will be effected as soon as possible.
The Company has a significant land position of ~130,000 net acres in New York State with certified 2C contingent resources of 951 MMBOE as of 31 December 2012.
For further information, please contact:
Chris Steinhauser, Chief Financial Officer
Office: +1 713 975 1900
S. Dennis Holbrook, Chief Legal Officer
Office: +1 716 568 2048