Press releases


The latest and historical news about Noreco

  • 5/20/2015

    Minutes from Annual General Meeting

  • 5/15/2015

    Proposal from Nomination Committee as to remuneration

    Stavanger, 15 May 2015: The Nomination Committee of Norwegian Energy Company ASA (Noreco) has finalised its proposal regarding remuneration to the members of the Board of Directors (Board) of the company. The proposal will be considered under item 6 at Noreco’s Annual General Meeting (AGM) on 20 May 2015. The committee proposes that the remuneration of the members of the Board  for the period from the AGM in 2015 until the AGM in 2016 remains at the present level, with the addition that each...
  • 5/13/2015

    Reverse split of shares

    Stavanger, 13 May 2015: Reference is made to the stock exchange announcement made by Norwegian Energy Company ASA (the "Company") on 7 May 2015 regarding reverse split (amalgamation) of shares. Pursuant to the extraordinary general meeting's resolution of 3 March 2015 to carry out a reverse split of shares, such amendment of the Company's articles of association will today be registered in the Norwegian Register of Business Enterprises. The reverse split ratio is 100:1, thus 100 existing shar...
  • 5/12/2015

    Approval and publication of prospectus

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE THIS WOULD BE UNLAWFUL. Stavanger, 12 May 2015: Reference is made to previous market notifications from Norwegian Energy Company ASA ("Noreco" or the “Company”) concerning the restructuring and listing of the new shares issued as part of the conversion of bond debt. The Financial Supervisory Authority of Norway has today...
  • 5/12/2015

    Update on Xana-1X exploration well

    Stavanger, 12 May 2015: Hydrocarbons have been discovered in the exploration well Xana-1X. The partnership will now evaluate if there is a sufficient volume of hydrocarbons for commerciality. Spudded on 8 December 2014 in licence 9/95 in the northern part of the Danish sector of the North Sea with Maersk Oil as operator, the well was drilled by the jack-up unit Noble Sam Turner to a total measured depth of 5124 metres. The well is now being plugged and abandoned. Through a Danish subsidiary...
  • 5/8/2015

    Production April 2015

    Stavanger, 8 May 2015: Net production for Norwegian Energy Company ASA (Noreco) in April 2015 is estimated at 5 310 barrels of oil equivalents (boe) per day. Net realised price in April was USD 55.9 per boe (USD 60.4 per barrel of oil) after adjustments for inventory, NGL and gas prices. Production per field in April 2015 (March 2015 in brackets): All in boepd Huntington – 4 615 (2 018) Nini – * Cecilie – * Oselvar – 411 (453) Lulita – 285 (52) Enoch – 0 (0) Total – 5 310 (2 524) * As...
  • 5/7/2015

    Updated financial calendar, prospectus and reverse split of shares

    Stavanger, 7 May 2015: Norwegian Energy Company ASA (Noreco) hereby provides an update on progress with regards to the prospectus and listing of the new shares, the planned and approved reverse split of shares and date for release of financial statement for the first quarter 2015. Reference is made to stock market notification dated 24 March 2015 in which Noreco said that the listing prospectus for the new shares issued as part of the recent restructuring would be published towards the end of...
  • 4/30/2015

    Noreco Norway publishes 2014 Annual Report

    Stavanger, 30 April 2015: Noreco Norway AS today publishes its annual report for 2014. The report may be downloaded from the company's web site or . Contact: Odd Arne Slettebø, CFO. Tel.: +47 992 83 900 Noreco Norway AS Annual Report 2014
  • 4/30/2015

    Noreco publishes 2014 Annual Report

    Stavanger, 30 April 2015: Norwegian Energy Company ASA (Noreco) today publishes its annual report for 2014, which also includes the annual statements of reserves. The report may be downloaded from the company's web site or . Reference is also made to the notice of Annual General Meeting 2015, which was published yesterday. Contact: Odd Arne Slettebø, CFO. Tel.: +47 992 83 900 Annual report 2014
  • 4/29/2015

    Notice of annual general meeting

    Stavanger, 29 April 2015: The Annual General Meeting in Norwegian Energy Company ASA (Noreco) will be held on Wednesday 20 May 2015 at 11 am (CET), at law firm Schjødt’s office in Ruseløkkveien 14, Oslo, Norway. Please find attached the notice of the Annual General Meeting including attachments, which is also distributed directly to all shareholders with known address. The annual report for 2014 and documents for the other items on the agenda will be made available on the Company's web page,...