Noreco awarded 6 licenses in the UK

Stavanger, 17th November 2008: Norwegian Energy Company ASA (Noreco – OSE:NOR), Noreco has been offered six licenses in the UK 25th offshore round.

“We are very pleased with the awards in our first application for acreage in the UK. The awards strengthens our position in the UK, and provides exiting options for future exploration drilling”, says CEO Scott Kerr

The licenses have been awarded to Norwegian Energy Company UK Ltd, a wholly owned subsidiary of Noreco. There are no drilling commitments on the licenses awarded to Noreco.