Norse Set to Sell New York Assets

Norway's Norse Energy reported Thursday that it has appointed divestiture adviser The Oil & Gas Clearinghouse, of Houston, Texas, to broker the sale of some of its oil and gas assets. The US-focused firm said that the anticipated asset sales are part of the company's ongoing restructuring plan.

Norse holds a land position of approximately 130,000 bet acres in New York State with certified 2C contingent resources of 951 million barrels of oil equivalent as of the end of December 2012.

"The appointment of OGC with their extensive oil and gas industry contacts and asset sales experience is expected to significantly enhance Norse's restructuring efforts," Norse CEO Mark Dice commented in a company statement.



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