Drilling on Gohta has started

Stavanger, 16. July 2013: Norwegian Energy Company ASA (Noreco) is pleased to announce that the drilling of exploration well 7120/1-3 on the Gohta prospect in license PL492 in the Western Barents Sea according to the operator has started.

The well is being drilled using the drilling rig Transocean Arctic.

Noreco has a 20 percent interest in licence PL492, which is operated by Lundin.

Contact:
Ørjan Gjerde, CFO ( 47 900 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 70 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR).

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