Press releases

Bullet

The latest and historical news about Noreco

  • 3/30/2015

    Changes to employee representation

    Stavanger, 30 March 2015: Employee representative Bård Lærum has stepped down from the board of Norwegian Energy Company ASA ("Noreco" or the Company"), as the number of employee representatives on the board is reduced to one. Following the completed restructuring, the Company is in the process of seeking to move the employee representation from the Company to Noreco Norway AS, being the employer to most of the group's employees. Pending such move and following Lærum's resignation, the...
  • 3/27/2015

    Minutes from extraordinary general meeting

  • 3/27/2015

    Change in reporting language

  • 3/26/2015

    Proposed board and nomination committee members

  • 3/24/2015

    Reminder - extraordinary general meeting 27 March 2015

  • 3/24/2015

    Completion of restructuring - issuance of new shares and execution of amended bond agreements

    Stavanger, 24 March 2015: Reference is made to previous announcements concerning the restructuring of Norwegian Energy Company ASA ("Noreco" or the "Company") through conversion of bond debt to equity and amended bond terms (the "Restructuring"), including the notices on 2 and 3 March 2015 following approvals by bondholders' meetings and the extraordinary general meeting. The Restructuring has now been completed through the issuance of 652 715 195 new shares against conversion of NOR10, NOR11...
  • 3/23/2015

    Update concerning Danish licences

    Stavanger, 23 March 2015: As previously reported, Norwegian Energy Company ASA’s (Noreco) Danish subsidiary was in January prevented from making payments for its share of production costs at the Nini field, and it was consequently in breach of the licence agreement.

  • 3/15/2015

    Notice to bondholders

    See attached notice to bondholders in NOR06, NOR10, NOR11 and NOR12 concerning record date and expected settlement for new shares and bonds pursuant to the approved restructuring.

  • 3/9/2015

    Production February 2015

    Stavanger, 9 March 2015: Net production for Norwegian Energy Company ASA (Noreco) in February 2015 is estimated at 2 752 barrels of oil equivalents (boe) per day.

  • 3/6/2015

    Notice of extraordinary general meeting 27 March 2015

    Stavanger, 6 March 2015. Reference is made to the stock exchange announcement dated 2 and 3 March 2015 regarding the bondholders' and shareholders' approval of the Company's restructuring proposal.

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