Annual statement of reserves

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Noreco’s classification of reserves is based on the Society of Petroleum Engineers’ (SPE) Petroleum Resource Management System published in 2007. The system is a recognised resource classification system in accordance to the Oslo Børs Circular 9/2009 “Listing and disclosure requirements for oil and natural gas companies”.

The SPE resource classification system uses “reserves”, “contingent resources” and “prospective resources” to classify hydrocarbon resource of varying technical maturity. The maturity within each class is also described to help guide classification of a given asset.

 Annual statement of reserves 2011 (pdf)

 Annual statement of reserves 2010 (pdf)

 Annual statement of reserves 2009 (pdf)

 Annual statement of reserves 2008 (pdf)

 Annual statement of reserves 2007 (pdf)

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