Fourth Quarter 2011 Production Update
4 January 2012Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange, Norway; “NSEEY” ticker U.S. OTC, the “Company”) provides a fourth quarter 2011 production update. The Company is very pleased to report gross production, recorded at its field meter stations, of approximately 6,934 Mcf/d (1,236 Boe/d) in Q4-11, a 7% increase from 6,490 Mcf/d (1,156 Boe/d) in Q3-11. Gross production volumes, to be reported in the Q4-11 financial statements, may deviate somewhat from this early estimate. Net volume will also be reported in the Q4 statements. The production increase is due to having the