2012-02-13 08:50:10 -

Stavanger, 13 February 2012, Norwegian Energy Company ASA (Noreco): Drilling of
the "Kalvklumpen" prospect in exploration well 25/6-4 S in licence PL414 is
about to be completed. The well did not encounter hydrocarbons.

Noreco has a 20 percent interest in licence PL414. Det norske oljeselskap is the
operator for the licence, with Faroe Petroleum Norge and Bayerngas Norge as the
other partners.

Contact:
Kjetil Bakken, VP Investor Relations (+47 91 889 889)

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)






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Source: NORECO via Thomson Reuters ONE

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