Norse Energy Corp ASA bond buy-back

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Norse Energy Corp ASA (OSE ticker code “NEC”, U.S OTC symbol “NSEEF”) has today August 21st 2009 bought back NOK 5.0 million of its outstanding bond loan NEC 01, which matures in July 2010. The bonds were purchased at 68.75% of par value. The bond is listed on the Oslo Stock exchange with ISIN number NO 001 027594.4 For further information, please contact: Anders Kapstad, CFO Tel: +47 67 51 61 12 Cell: +47 918 17 442 Email: akapstad@norseenergy.com