Norse Energy Announces Staff Reductions
September 20, 2011Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange, Norway; “NSEEY” ticker U.S. OTC) announces that is has completed staff reductions of approximately thirty percent of its work force. The Company has been working diligently to reduce its overhead costs while awaiting the opportunity to drill into the Marcellus and Utica shale formations in New York. The full draft Supplemental Generic Environmental Impact Statement (SGEIS) was issued on September 7, 2011 by the New York State Department of Environmental Conservation with a public comment period through December