NEC - Norse Energy Corp ASA: BM-CAL-5 Block Update

Press release from Norse Energy Corp. ASA 17.04.2008

Norse Energy Corp. ASA in partnership with Petrobras (Operator),
Queiroz Galvão Oil & Gas and El Paso announce that the consortium has
been granted the environmental license to drill exploration wells in
the BM-CAL-5 block. NEC ownership in this block is 18.3%.

The first well (Copaiba) will be drilled about 17 km offshore, in
Bahia state, and about 80 km south of the Manati field. The water
depth at this location is around 435 meters and the drilling rig will
be operated by Petrobras. The main target of this prospect is
expected around 3125 meters. The operator has already committed a
drilling rig for this well.

Spud date and expected drilling time will be announced later.

For further information please do not hesitate to contact:

Contact person: Anders Kapstad
Phone: +47 67 51 61 12
Cell: +47 918 17 442
Website: www.norseenergycorp.com

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act