Huntington update

Stavanger, 23 October 2013: Reference is made to stock exchange announcement from Norwegian Energy Company ASA ("Noreco" or the "Company", ticker "NOR") on 21 October 2013, where it inter alia was informed that the Huntington field is still producing at about 40 per cent of capacity, and that further information with respect to ramp up was expected within this week. 

The operator of the Huntington field continues to work closely with the operator of the CATS gas export system to address the production restrictions that were imposed on Huntington in early September, and Noreco has now been informed that while Huntington is currently averaging 12,000 boedp (gross), production restrictions are hoped to be lifted progressively from early November.

For further information, please contact:
Svein Arild Killingland, CEO. +47 913 40786

***

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