Fourth Quarter Report 2010
Norse Energy Corp. ASA ("NEC" ticker code OSE - NEC, Oslo, Norway, U.S. OTCQX symbol "NSEEY") and its subsidiaries (“Norse Energy” or “the Company”) reports revenue of USD 20.2 million and EBITDA of USD -4.1 million for the quarter. Fourth Quarter Highlights · Signed Herkimer joint venture partnerships with Stryker Energy and Bradford Energy Capital XXIX L.P. Bradford advanced funds totaling USD 9 Million to fund their share of the drilling of 18 wells. · Resumed Herkimer drilling using its recently acquired 3D seismic data. · E&P gross production was 6,335 Mcf/d (1,129 BOE)