Norse Energy Corp ASA has sold its shares in Panoro Energy ASA

Norse Energy Corp. ASA ("NEC" ticker code OSE - NEC, Oslo, Norway, U.S.

OTCQX symbol "NSEEY") has sold 9,299,522 shares or 5.67% of the share capital in Panoro Energy ASA (“PEN” ticker code OSE – PEN, Oslo, Norway) for a price of NOK 5,50 per share.

 After this sale, NEC do not hold any shares in PEN.


Norse Energy controls the drilling rights to approximately 180,000 acres

of which ~130,000 acres are located in central New York State in the

promising Herkimer Sandstone, Marcellus Shale and Utica Shale fairways.



For further information, please contact:

Richard Boughrum, Chief Financial Officer

Cell: +1 714 520 1702