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First Quarter Report 2012

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Norse Energy Corp. ASA ("NEC" ticker code OSE - NEC, Oslo, Norway, U.S. OTCQX symbol "NSEEY") and its subsidiaries ("Norse Energy" or "the Company") on 29 May 2012 reported results for the first quarter ended 31 March 2012.

The actual report was not attached. Please find it enclosed to this release.

For further information please contact:

J. Chris Steinhauser, Chief Financial Officer

Direct: +1 716 218 2048

Email: csteinhauser@norseenergy.com

S. Dennis Holbrook, Chief Legal Officer

Direct: +1 716 218 4210

Email: dholbrook@norseenergy.com

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