“Both wells are exciting. We are approaching the presumed reservoir at Verdande and expect that the results from the well will be available within a month. The Gohta discovery was the largest on the Norwegian Continental Shelf last year. The first appraisal will now assess the extent of the field to the west and the reservoir properties in this part of the discovery,” says Svein Arild Killingland, CEO of Noreco.
“In parallel we are systematically maturing our other licences with encouraging results. We have identified an interesting prospect in PL 616 far south in the Norwegian part of the
Noreco’s total production of oil and gas was satisfactory in the first quarter, and good in February and March when both the Huntington field and the Nini field in
“In April and May we were again reminded that unforeseen events may impact our production and revenue stream. The Huntington field was closed for a month from the middle of April and the Oselvar field was closed for a week. In May, the Nini field will be shut-in for a few days, to allow for planned repair at the
For further information and details on Noreco’s quarterly accounts, please see the attached report for the first quarter 2014. The report and presentation are also available at www.newsweb.no and www.noreco.com.
Noreco will present the results for first quarter 2014 today at 08.30 Norwegian time. The presentation will take place at Felix Kurs og Konferansesenter, Bryggetorget 3,
This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act ***
Noreco is an independent Norwegian oil company. The company’s focus is to explore, develop and produce oil and gas in the
For further information, please visit: www.noreco.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
http://mb.cision.com/Main/4225/9588064/246773.pdf Q1 2014 report
http://mb.cision.com/Public/4225/9588064/bc90bb38d41cb630.pdf Q1 2014 Presentation
Most Popular Stories
- Islamic State Obliterating Cultural Landmarks in Mosul
- The 2014 Fastest-Growing 100
- 'Lucy's' Super Powers Tops 'Hercules' at Box Office
- Boehner Says Impeachment Talk Is Democrat Scam
- You're So Vain: Microsoft to Launch First 'Selfie Phone'
- U.S. Home Price Gains Slow for 6th Month in a Row
- VW Site Could Mean Another 2,000 Jobs for Chattanooga
- RV Sales See Highest Increase Post Great Recession
- Merck Profit More Than Doubles in Q2
- Report: China to Declare Qualcomm a Monopoly