Norse Energy Announces US Subsidiary Files for Chapter 11 Reorganization
7 December 2012Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange,Norway; “NSEEY” ticker U.S. OTC) announces that its USsubsidiary, Norse Energy Corp.USA, has filed a voluntary petition for Chapter 11 Debtor in Possession (“DIP”) protection and reorganization under the United States Bankruptcy Code. The purpose of the Chapter 11 petition is to allow the US subsidiary an opportunity to reorganize its business affairs, restructure its debts, and generally protect the interests of all of its stakeholders. The US subsidiary will seek “DIP” financing to fund its operations and will