Press releases


The latest and historical news about Noreco

  • 10/24/2014

    Issue of shares through partial conversion of bond

    Bondholders representing 1.39 percent of the outstanding loan of the convertible bond NOR12 issued by Norwegian Energy Company ASA (Noreco) with ISIN NO 0010697055, has in accordance with the bond agreement exercised the option to convert their bonds to equity at the conversion price of NOK 30 per share. Following this, Noreco has issued 172 992 common shares and the total number of shares is now 56 757 843 ...

  • 10/24/2014

    Nomination committee’s recommendation

    Stavanger, 24 October 2014: In connection with the extraordinary general meeting of Norwegian Energy Company ASA (Noreco) on 27 October, the nomination committee’s recommendation is hereby announced.

  • 10/15/2014

    Company update

    Stavanger, 15 October 2014: Reference is made to the stock exchange notice dated 1 October 2014, where Norwegian Energy Company ASA ("Noreco" or the "Company") informed of expected write-downs of Oselvar and Huntington and uncertainty with respect to whether the Company would be able to meet its financial covenants year-end 2014 due to lower Huntington production, as well as significant negative impact on ...

  • 10/6/2014

    Notice of extraordinary general meeting 27 October 2014

    Stavanger, 6 October 2014. Reference is made to the stock exchange announcement dated 3 October 2014 regarding board changes. 

  • 10/3/2014

    Board changes

    Stavanger, 3 October 2014: Reference is made to announcement from Norwegian Energy Company ASA (Noreco) 1 October 2014 regarding resignations from the Board. In a meeting on 2 October 2014, the Board appointed board member Hilde Drønen as acting Chairman.

  • 10/3/2014

    Production September 2014

    Stavanger, 3 October 2014: Norwegian Energy Company ASA (Noreco) in September 2014 produced 7 427 barrels of oil equivalents per day (boepd) on average. Net realised price in September was USD 85.7 per barrel of oil equivalents (USD 92.4 per barrel of oil) after adjustments for inventory, NGL and gas prices.

  • 10/2/2014

    Adjustment to conversion price of convertible bond following reverse share split

    See attached notice to bondholders in NO0010697055.

  • 10/1/2014

    Company update

    Stavanger, 1 October 2014: Norwegian Energy Company ASA ("Noreco" or the "Company") has received information of an unplanned shut-down of Huntington in October 2014. The Company has also received updated information indicating a need for write-downs of its Oselvar and Huntington reserves. 

  • 10/1/2014

    Resignations from the Board

    Stavanger, 1 October 2014: The Chairman of the Board Morten Garman and director Erik Henriksen have given notice of immediate resignation from the board of directors of Noreco.

  • 9/29/2014

    Registered share capital increase and reverse split

    Stavanger, 29 September 2014; Reference is made to the stock exchange announcement made by Norwegian Energy Company ASA (the "Company") on 17 September 2014 regarding merging of shares (reverse split).

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