Employee Stock Options Awarded
29 July 2012Reference is made to the 23 July 2012 press release announcing employee stock options. Norse Energy Corp. ASA ("NEC" ticker code OSE - NEC, Oslo, Norway, U.S OTCQX symbol "NSEEY") announces that it has awarded new options to purchase 450,000 shares in Norse Energy to key employees in accordance with the Norse Energy 2012 Stock Option Plan. The newly issued options carry a strike price of NOK 2.92 per share and are exercisable two years after the grant date of 27 July 2012. These newly issued options, if unexercised, will expire five years after the grant date. Norse Energy