3/26/2009

Annual reserve statement

Stavanger, 26 March 2009: Norwegian Energy Company ASA (Noreco - OSE:NOR), Noreco reports annual reserve statement for 2008.

3/20/2009

Notice from bondholders meeting

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

3/20/2009

Noreco bond refinancing approved

Stavanger, 20 March 2009: Norwegian Energy Company ASA (Noreco - OSE:NOR), Noreco has received approval the bondholders for a refinancing of the existing NOK 2,240 million bond (OSE:NOR01 & NOR02).

3/16/2009

Noreco has received 2/3 pre-acceptance for the refinancing proposal

Stavanger, 16 March 2009: Norwegian Energy Company ASA (Noreco - OSE:NOR), reference is made to the release dated 11 March 2009. Noreco has received pre-acceptances from more than 2/3 of the bondholders for the proposed refinancing of the existing NOK 2,240 million bond (OSE:NOR01, NOR02. The proposal requires 2/3 support to be implemented. 

3/11/2009

OSLO BØRS - SUSPENSION ENDS

See the announcement issued by Norwegian Energy Company ASA at 15:01. In view of this the company is restored to listing with a pre-trade session (CLIN) to 15.10.

3/11/2009

Noreco refinances bond

Stavanger, 11 March 2009: Norwegian Energy Company ASA (Noreco - OSE:NOR), Noreco has received pre-acceptances from the majority of the bondholders for a proposed refinancing of the existing NOK 2,240 million bond (OSE:NOR01 & NOR02).

3/11/2009

OSLO BØRS - MATCHING HALT

A matching halt has been imposed in anticipation of an announcement from the company.

3/9/2009

Noreco increases reserves

Stavanger, 9 March 2009: Norwegian Energy Company ASA (Noreco - OSE:NOR), The development plan for Oselvar has been submitted to Norwegian authorities. Noreco owns 15% of the field, and will book an additional 7.8 million barrels of oil equivalents, a 24% increase in the company's 2P reserves.

3/4/2009

February oil and gas production

Stavanger, 4 March 2009: Norwegian Energy Company ASA (Noreco - OSE:NOR), Noreco's production in February  was 14,600 barrels of oil equivalents per day, up 52 percent compared to the same month last year.

2/19/2009

Noreco - fourth quarter and preliminary results 2008

Strong operations   Stavanger, 19 February 2009: Norwegian Energy Company ASA (Noreco - OSE:NOR), The oil company Noreco reported strong operational performance in the fourth quarter of 2008.   Results Noreco recorded operating revenues of NOK 541 million in Q4 2008, a 21% increase from Q4 2007. The operational result (EBITDA) was NOK 221 million and the net result - NOK 25 million. The company had a strong cash position of NOK 867 million at the end of 2008.   Increased production and reserv...