Second Quarter Production Update

7 July 2011

Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange, Norway; “NSEEY” ticker U.S. OTC, the “Company”) provides a second quarter 2011 production and sales update.

The Company is pleased to report gross production, recorded at its field meter stations, of approximately 6,650 Mcf/d (1,185 BOE) in Q2-11, a decrease of 8% from 7,200 Mcf/d (1,282 BOE) in Q1-11.  Gross production volumes, to be reported in the Q2-11 financial statements may deviate somewhat from this early estimate. Net volume will also be reported in the Q2 statements.

Two new horizontal Herkimer wells completed after the frost laws drilling pause began the initial ramp up during the past few days and a third well is currently drilling through the Herkimer with good gas shows. Current production is averaging approximately 7,100 Mcf/d (1,264 BOE). In addition, the company has approximately 1,400 Mcf/d (249 BOE) of gas shut-in pending installation of in-field pipeline connections and pipeline to our new Dominion Transmission interconnection and meter station.

About Norse Energy Corp.: Norse Energy is a Herkimer company with significant upside in the Marcellus and Utica Shales. At year end 2010 the Company had third party certified total contingent resources of 3.9 TCF (~700 MMBOE) of which approximately 3.7 Tcf are in the Marcellus and Utica. 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