March 2008 Production
March and 1Q 2008 production
Stavanger, 1 April 2008: Norwegian Energy Company ASA (OSE:NOR),
Noreco's oil, gas and NGL production for March 2008 was 10,500 barrels of oil equivalents (boe) per day. The average price achieved for the month was 95 US$ per boe.
The average daily production in the first quarter of 2008 was 9,950 boe at an average price of 91 US$ per boe.
The production volumes are preliminary and are subject to adjustments, including final allocations between fields, quality adjustments and prices. The average prices stated are after cost of put options.
For further information, please contact:
Scott Kerr, CEO (+47 992 83 890)
Einar Gjelsvik, Vice President Investor Relations (+47 992 83 856)