Noreco reports third quarter 2013 results
Stavanger, 28 November 2013: Norwegian Energy Company ASA (Noreco) today presents its third quarter 2013 report, with a negative EBITDA of NOK 284 million and a net loss of NOK 569 million for the period.The results for the quarter were marked by a number of significant one-off write-offs and write-downs related to exploration, discoveries and fields. A significant event since the previous quarterly presentation is the refinancing of the company, which was approved in November. An issue of new shares of up to NOK 530 million has been decided, and the company’s bond debt has been