Noreco's (Norwegian Energy Company ASA) oil, gas and NGL production for November 2007 was 10,900 barrels of oil equivalents (boe) per day. The average price achieved was 84 US$ per boe.

 

Based on the production for the two first months of 4Q 2007, the forecast for 4Q is revised from in the range of 10,000 boe per day to in excess of 10,500 boe per day.

 

The November 2007 production volume is preliminary and is subject to adjustments, including final allocations between fields, quality adjustments and prices.

 

 

Contact:

Scott Kerr, CEO (+47 992 83 890)

Einar Gjelsvik, VP Investor / External Relations (+47 992 83 856)