Drilling on Romeo has started

Stavanger, 21 September 2012: Norwegian Energy Company ASA (Noreco) is pleased to announce that drilling of an exploration well on the Romeo prospect in licence P1666, block 30/11c  in the UK North Sea has started. The well is being drilled using the drilling rig WilHunter. Noreco has 21,875 percent interest in licence P1666, which is operated by Suncor. 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) This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: NORECO via Thomson Reuters ONE [HUG#1642681]