Rig incident

Norse Energy early this morning US time experienced a well fire while removing drill pipe in connection with drilling of an onshore gas well in New York State. Two well operators needed treatment for burns to the arms and face but have been released from the hospital.

The fire is being brought under control and minimal environmental impact is anticipated. Property damage appears to be limited to the drilling rig and associated equipment. The cause of the fire remains to be determined.

For further information, please contact:
S. Dennis Holbrook, U.S. Investor Relations
Tel.: + 1 (716) 568-2048
Email: dholbrook@norseenergy.com