Norse US subsidiary granted extension to reorganize

Norse Energy Corp. ASA

Norse Energy Corp. ASA ("NEC" ticker Oslo Stock Exchange, Norway) reports that the US Bankruptcy Court has granted an extension to its US subsidiary, Norse Energy Corp. USA (NEC USA), of the time by which it has the exclusive right to file a plan of reorganization to October 22, 2013.

It is expected that the extension will allow NEC USA to complete its planned oil and gas asset sale process. As previously announced, the anticipated asset sales are part of the company's ongoing plan of restructuring.

Norse Energy Corp. is an exploration and production (E&P) company focusing on US onshore oil and gas opportunities.

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