Appraisal drilling on Gohta has started

Stavanger 23 May 2014: Norwegian Energy Company ASA (Noreco) is pleased to announce that the drilling of appraisal well 7120/1-4S in PL492 in the Barents Sea has started. The main objective is to appraise the Permian carbonate reservoir in the Gohta discovery. 

The well is being drilled with the drilling rig Island Innovator.

Noreco Norway AS has a 20 percent interest in license PL492. Lundin Norway AS is the operator with a 40 percent working interest. Det norske oljeselskap ASA holds 40 percent.

Contact:
Ørjan Gjerde, CFO (0047 900 35 738)

This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act
 

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About Norwegian Energy Company ASA

Noreco is an independent Norwegian oil company. The company’s focus is to explore, develop and produce oil and gas in the North Sea region. Since incorporation in 2005, the company has grown through license rounds, successful exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom, and employs around 55 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR).

For further information, please visit: www.noreco.com