Norse Energy Addresses Notices of Violations for Missing Air Permits
Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange, Norway; “NSEEY” ticker U.S. OTC) announces that it recently received Notices of Violation (NOVs) from the New York State Department of Environmental Conservation (“DEC”) in reference to required air quality emission permits associated with its Bradley Brook and Diehl compressor stations, one at each location. The NOVs were issued because neither the Company nor the DEC was able to locate original permits dating from 2008. It is likely that the Company will be fined, if it is determined that the missing permits were not previously filed.
The Company first brought the matter of missing permits to the attention of the DEC in October, 2010 when Norse was unable to locate the required permits in anticipation of filing for new permits as part of a facilities expansion. After notifying the DEC, the Company immediately submitted applications for the missing permits and has been working cooperatively since that time with the DEC to resolve this matter.
Norse Energy has total contingent resources of 3.9 TCF (~700 MMBOE) at the end of 2009. The Company has a significant land position of 180,000 net acres in New York State.
For further information, please contact:
Richard Boughrum, Chief Financial Officer
Cell: +1 714 520 1702 Email: rboughrum@norseenergy.com
S. Dennis Holbrook, Executive Vice President
Cell: +1 716 713-2489 Email: dholbrook@norseenergy.com