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Norse Energy Corp. ASA has filed for bankruptcy

Norse Energy Corp. ASA ("NEC" ticker Oslo Stock Exchange, Norway) announces that the Board of Directors today has filed for bankruptcy with Oslo Bankruptcy Court. As of today there are no operations or other ongoing business in the company. The company's financial problems is related to the continued delay of permits to develop the company's assets and escalated when the NEC USA and its US parent, Norse Energy Holdings, Inc. (NEHI), converted to Chapter 7 liquidations as previously announced. Negotiations for restructuring has not been successful. The company has pursued solutions to regain

Norse US Subsidiaries Convert to Chapter 7 Liquidation

10 October 2013Norse Energy Corp. ASA ("NEC" ticker Oslo Stock Exchange, Norway) announces the conversion of NEC USA and its US parent, Norse Energy Holdings, Inc. (NEHI), to Chapter 7 liquidations. Both NEC USA and NEHI have been operating under Chapter 11 bankruptcy in the US since December 2012. Today’s filing is for both companies to convert to Chapter 7 liquidation. The Company is working diligently to preserve a future for Norse Energy Corporation ASA and will advise the market when more information is available.

Updated Company Certificate

Norse Energy Corporation ASA ("NEC") received a conversion notice on USD 18.993 under ISIN NO001064079. Following the completion of the conversion, the share capital of NEC was registered increased on 23 September 2013. The new registered share capital is NOK 57,313,175.925 divided on 764,175,679 shares, each having a par value of NOK 0.075. The updated company certificate is attached. For further information, please contact: S. Dennis Holbrook, Chief Legal Officer Direct: +1 716 218 4210 Email: dholbrook@norseenergy.com

Share Capital Increase

Sept 17, 2013Reference is made to two separate announcements made by Norse Energy Corporation ASA ("NEC") on 29 August 2013 regarding conversion of respectively USD 714,754 under ISIN NO001064079 and NOK 400,000 under the MNOK 7.1 Convertible Loan dated 25 April 2013. Following the completion of the conversions, the share capital of NEC was registered increased on 16 September  2013. The new registered share capital is NOK 57,285,685.50 divided on 763 809 140 shares, each having a par value of NOK 0.075. All the lenders under the MNOK 7.1 Convertible Loan dated 25 April 2013 have

Loan Conversion Notification

Reference is made to the announcement by Norse Energy Corporation ASA ("NEC") on 27 August 2013 regarding a notification on conversion of NOK 600,000 under the NOK 7,100,000 Convertible Loan. Following the completion of the conversion, the share capital of NEC was registered increased on 12 September 2013. The new registered share capital is NOK 55,829,493.60 divided on 744 393 248 shares, each having a par value of NOK 0.075.” For further information, please contact:S. Dennis Holbrook, Chief Legal OfficerDirect: +1 716 218 4210Email: dholbrook@norseenergy.com

Loan Conversion Notification

30 August 2013Reference is made to the announcement by Norse Energy Corporation ASA ("NEC") on 13 August 2013 regarding a notification on conversion of NOK 2,000,000 under the NOK 7,100,000 Convertible Loan. Following the completion of the conversion, the share capital of NEC was registered increased on 29 August 2013. The new registered share capital is NOK 55,229,493.67 divided on 736 393 249. shares, each having a par value of NOK 0.075. For further information, please contact:S. Dennis Holbrook, Chief Legal OfficerDirect: +1 716 218 4210Email: dholbrook@norseenergy.com

NY Court of Appeals to Hear Norse on Home Rule

30 August 2013Norse Energy Corp. ASA ("NEC" ticker Oslo Stock Exchange, Norway) announces that in an important step toward resolution of New York’s “Home Rule” issue, the New York Court of Appeals has granted Norse leave to appeal the lower court decision in Norse v. Dryden, that New York municipalities have the authority to ban oil and gas development in the state. Since there was no right to appeal, in granting this leave to appeal, the court sends a strong signal that the legal issues will get a fresh look by New York's highest court. “Norse has consistently maintained that local

Second Quarter Report 2013

30 August 2013Norse Energy Corp. ASA ("NEC" ticker code OSE - NEC, Oslo, Norway) and its subsidiaries ("Norse Energy" or "the Company") today reported results for the second quarter ended 30 August 2013.The second quarter report is attached and will be made available on the Company's website:www.NorseEnergy.comNorse Energy owns or leases approximately 130,000 net acres in New York State of which ~33,000 lie in the liquids rich shale fairways of Western New York, and the remaining ~97,000 net acres lie in the Marcellus and Utica natural gas fairways of Central New York. Externally

Loan Conversion Notification

29 August 2013Norse Energy Corp. ASA ("NEC") has received a notification of conversion of USD 714,754 of its convertible loan with ISIN NO0010640790. The exchange rate between NOK and USD will be fixed in 10 business days and the conversion will thereafter be effected by issuance of new shares in NEC at a conversion price of NOK 0.30 per share. The Company has a significant land position of ~130,000 net acres in New York State with certified 2C contingent resources of 951 MMBOE as of 31 December 2012. For further information, please contact: S. Dennis Holbrook, Chief Legal Officer

Loan Conversion Notification

28 August 2013Norse Energy Corp. ASA ("NEC") has received a notification of conversion of NOK 400,000 of its NOK 7,100,000 convertible loan at a conversion price per share of NOK 0.075, representing issue of a total of 5,333,333 new shares. The conversion will be effected as soon as possible. The Company has a significant land position of ~130,000 net acres in New York State with certified 2C contingent resources of 951 MMBOE as of 31 December 2012. For further information, please contact: Chris Steinhauser, Chief Financial Officercsteinhauser@norseenergy.comOffice: +1 713 975

Loan Conversion Notification

27 August 2013Norse Energy Corp. ASA ("NEC") has received a notification of conversion of NOK 600,000 of its NOK 7,100,000 convertible loan at a conversion price per share of NOK 0.075, representing issue of a total of 7,999,999 new shares. The conversion will be effected as soon as possible.The Company has a significant land position of ~130,000 net acres in New York State with certified 2C contingent resources of 951 MMBOE as of 31 December 2012.For further information, please contact:Chris Steinhauser, Chief Financial Officercsteinhauser@norseenergy.comOffice: +1 713 975 1900

Asset Sale Results and Creditor Committee Motion

26 August 2013Norse Energy Corp. ASA ("NEC" ticker Oslo Stock Exchange, Norway) announces that bidding on its 363 asset sale resulted in less than expected bid values. The Company is now evaluating all of its options, including continuing the 363 sale process. Also, as part of the bankruptcy proceeding, the creditors’ committee is seeking authority to pursue claims against the parent companies of Norse USA, certain Company officers and directors and others. The Board of Directors of NEC ASA believes these claims to be without merit. The Company will advise the market of significant

Completion of Loan Conversion

23 August 2013Reference is made to the announcement by Norse Energy Corporation ASA ("NEC") on 7 August 2013 regarding a notification on conversion of NOK 1,600,000 under the NOK 7,100,000 Convertible Loan. Following the completion of the conversion, the share capital of NEC was registered increased on 22 August 2013. The new registered share capital is NOK 53,229,493.72 divided on 709 726 583 shares, each having a par value of NOK 0.075. The Company has a significant land position of ~130,000 net acres in New York State with certified 2C contingent resources of 951 MMBOE as of 31

Completion of Loan Conversion

20 August 2013Reference is made to the announcement by Norse Energy Corporation ASA ("NEC") on 1 August 2013 regarding a notification on conversion of USD 202,973 of its convertible loan with ISIN NO0010640790. Following the completion of the conversion, the share capital of NEC was registered increased on 19 August 2013. The new registered share capital is NOK 51 629 493.75 divided on 688 393 250 shares, each having a par value of NOK 0.075. The Company has a significant land position of ~130,000 net acres in New York State with certified 2C contingent resources of 951 MMBOE as of 31

Loan Conversion Notification

13 August 2013Norse Energy Corp. ASA ("NEC") has received a notification of conversion of NOK 2,000,000 of its NOK 7,100,000 convertible loan at a conversion price per share of NOK 0.075, representing issue of a total of 26,666,667 new shares. The conversion will be effected as soon as possible. The Company has a significant land position of ~130,000 net acres in New York State with certified 2C contingent resources of 951 MMBOE as of 31 December 2012. For further information, please contact: Chris Steinhauser, Chief Financial Officercsteinhauser@norseenergy.comOffice: +1 713

Loan Conversion Notification

7 August 2013Norse Energy Corp. ASA ("NEC") has received a notification of conversion of NOK 1,600,000 of its NOK 7,100,000 convertible loan at a conversion price per share of NOK 0.075, representing issue of a total of 21,333,333 new shares. The conversion will be effected as soon as possible.  The Company has a significant land position of ~130,000 net acres in New York State with certified 2C contingent resources of 951 MMBOE as of 31 December 2012. For further information, please contact: Chris Steinhauser, Chief Financial Officercsteinhauser@norseenergy.comOffice: +1 713

Loan Conversion Notification

1 August 2013Norse Energy Corp. ASA (“NEC”) has received a notification of conversion of USD 202,973 of its convertible loan with ISIN NO0010640790. The exchange rate between NOK and USD will be fixed in 10 business days and the conversion will thereafter be effected by issuance of new shares in NEC at a conversion price of NOK 0.30 per share. The Company has a significant land position of ~130,000 net acres in New York State with certified 2C contingent resources of 951 MMBOE as of 31 December 2012. For further information, please contact: Chris Steinhauser, Chief Financial

Approval of Norse Sale Procedures

29 July 2013Norse Energy Corp. ASA ("NEC" ticker Oslo Stock Exchange, Norway) announces that on 29 July 2013, an order was entered in US Bankruptcy Court approving the Company’s proposed sale procedures for an asset sale by its subsidiary Norse Energy Corp USA (“Norse USA”).               As previously reported, The Oil & Gas Clearinghouse has been retained to conduct an asset sale to address Norse USA’s financial obligations in its bankruptcy proceedings. “The court’s approval of our proposed bid process is a positive step toward completion of a successful sale of assets in

Norse Energy Announces Resignation of Chief Financial Officer

29 July 2013Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange, Norway; “NSEEY” ticker U.S. OTC) announces that its Chief Financial Officer (CFO), Chris Steinhauser, has resigned effective 6 September 2013 to pursue other interests. Mr. Steinhauser will remain with the Company to assist with transitional matters until that date.Norse further announces that, effective 7 September, Chief Executive Officer (CEO), Mark Dice, will assume the CFO duties, on an interim basis, in addition to his CEO responsibilities. “I would like to thank Chris for his many contributions to the Company and

Loan Conversion Notification - Correction

25 July 2013Bjarte Henry Bruheim (Insider - Director) on 1 July 2013, subscribed for 20,000,000 shares in Norse Energy Corp. ASA through conversion of loans of NOK 1.5 million (convertible loan agreement entered into on 25 April 2013) at a price of NOK 0,075. Immediately after this conversion, Mr. Bruheim held 21.2 million shares of Norse Energy Corp. ASA. This press release is correcting and replacing the press release issued on 2 July 2013. For further information, please contact: Chris Steinhauser, Chief Financial Officercsteinhauser@norseenergy.comOffice: +1 713 975 1900S.

Updated company certificate

Reference is made to the stock exchange release dated 25 April 2013 relating to the ongoing restructuring of Norse Energy Corp. ASA (the "Restructuring") and the stock exchange release dated 8 July 2013 relating to the contemplated rights offering, as further described in the prospectus dated 10 June 2013 (the "Prospectus"). As a part of the restructuring, shares issued in relation to the rights issue and the set-off under the NEC07 bond loan, as further described in the stock exchange release dated 8 July 2013 and the prospectus, together comprising of 234 052 000 new shares, have now

Norse U.S. Subsidiary Receives Extension of Exclusivity Period to File Plan of Reorganization

22 July 2013Norse Energy Corp. ASA ("NEC" ticker Oslo Stock Exchange, Norway) announces that the U.S. Bankruptcy Court has granted an extension to its US subsidiary, Norse Energy Corp. USA (“NEC USA”), of the time by which it has the exclusive right to file a plan of reorganization to October 22, 2013. It is expected that the extension will allow NEC USA to complete its planned oil and gas asset sale process.  As previously announced, the anticipated asset sales are part of the Company's ongoing plan of restructuring.For further information, please contact:Chris Steinhauser, Chief

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