Company update
Stavanger, 19 November 2014: Reference is made to stock exchange notices dated 1 and 15 October 2014, where Norwegian Energy Company ASA ("Noreco" or the "Company") informed of expected impairments of Oselvar and Huntington, and that negative developments in the performance of its producing fields made it unlikely that the Company would be able to comply with its cash covenants towards the end of 2014 and through 2015.In light of the Company's current financial position and outlook as previously reported, it has been concluded that a deferral of bond instalments (NOK 560.8 million) and bond