Noreco

NORECO Stavanger, 25 June 2008: Norwegian Energy Company ASA (Noreco - OSE:NOR), Noreco provides an update of its ongoing drilling program, where three wells are being finalized and another three wells are commencing. - We are well underway with our extensive drilling programme. Six of the first seven exploration and appraisal wells have been successful. In parallel, an active infill programme in the producing fields is ongoing to optimise production, says CEO Scott Kerr.

NORECO Stavanger, 23 June, 2008: Norwegian Energy Company ASA (OSE:NOR), Noreco completes repayment in full of its 130 million USD Geopard bond.

NORECO STAVANGER, Norway, 19 June 2008: Norwegian Energy Company ASA (OSE:NOR), Noreco has completed the acquisition of all the shares in Talisman Oil Denmark Limited. The transaction includes the producing Siri field in the Danish sector of the North Sea, and will increase Noreco's daily oil production significantly.

NORECO Stavanger, 17 June, 2008: Norwegian Energy Company ASA (Noreco, OSE: NOR), Allocation of subsequent offering in Noreco with gross proceeds of NOK 58.75 million has been completed.

NORECO Stavanger, 17 June, 2008: Norwegian Energy Company ASA (Noreco, OSE:NOR), Noreco has entered into an loan agreement to increase its existing reserve based lending facility to 325 mill US$. As part of the agreement, Noreco has extended its oil price hedging program to protect oil price through put option at 75 $/bbl from Q2 2009 through Q1 2011.

NORECO Stavanger, 16 June, 2008: Norwegian Energy Company ASA (Noreco, OSE:NOR), A subsequent offering in Noreco with gross proceeds of NOK 58.75 million has been completed.

NORECO Stavanger, 16 June, 2008: Norwegian Energy Company ASA (Noreco, OSE:NOR), Gas was discovered in the second exploration well on the Galtvort prospect in Norway, where Noreco holds a 17.5% share. - We are very pleased with the success on Galtvort, and are exited about the pursuit of further opportunities in the area, says CEO of Noreco, Scott Kerr.

NORECO Stavanger, 4 June 2008: Norwegian Energy Company ASA (Noreco, OSE:NOR), Noreco's oil, gas and NGL production for May 2008 was 11,300 barrels of oil equivalents per day. The average price achieved in May was 121 US$ per barrel oil equivalent after cost of put options.

NORECO Stavanger, 28 May, 2008: Norwegian Energy Company ASA (Noreco, OSE:NOR), Noreco conducts subsequent offering and publishes new prospectus.