Norse Energy to Sell Selected Midstream Assets for $20.7 Million
Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange, Norway; “NSEEY” ticker U.S. OTC) is pleased to announce that, through its subsidiary Norse Energy Holdings, Inc., it has executed Purchase and Sale Agreements (“Agreements”) to sell certain of its midstream assets to Appalachian Transportation and Marketing LLC (“Appalachian”) for a total consideration of $20.7 million. The midstream assets consist of the Company’s Norse Pipeline, LLC (“Norse Pipeline”), Nornew Energy Supply, Inc. (“NES”) and Mid-American Natural Resources, LLC. (“MANR”). Norse Pipeline and NES are subject to