LYSAKER, Norway--(BUSINESS WIRE)--Regulatory News:
Norse Energy Corp. ASA ("NEC") has received a notification of conversion of USD 714,754 of its convertible loan with ISIN NO0010640790. The exchange rate between NOK and USD will be fixed in 10 business days and the conversion will thereafter be effected by issuance of new shares in NEC at a conversion price of NOK 0.30 per share.
The Company has a significant land position of ~130,000 net acres in New York State with certified 2C contingent resources of 951 MMBOE as of 31 December 2012.
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