Noreco awarded two licences in APA 2012

1/15/2013 8:32 AM EST

Stavanger, 15 January 2013: Norwegian Energy Company (Noreco) has been
awarded two new licences in the 2012 Awards in Predefined Areas (APA) in
Norway.

Noreco has been awarded the following licences:

  · PL701 (40 percent share) on blocks 6406/9, 6406/11, 6406/12, located
southwest of the Njord Field on the Halten Terrace. Noreco was awarded
the operatorship for this licence.
  · PL591B (40 percent share) on block 6507/8. The licence is an
extension of licence PL591.
Contact:
Kjetil Bakken, VP Investor Relations ( +47 91 889 889)

This information is subject of the disclosure requirements pursuant to
section of 5-12 of the Norwegian Securities Trading Act
About Norwegian Energy Company ASA

Noreco is an independent Norwegian oil company. The company's focus is
to explore, develop and produce oil and gas in the North Sea region.
Since incorporation in 2005, the company has grown through license
rounds, successful exploration and acquisitions. Noreco operates in
Norway, Denmark and United Kingdom, and employs around 70 oil and gas
professionals. Noreco is listed on the Oslo Børs (ticker NOR).

For further information, please visit: www.noreco.c