Norse Strengthens Management

Norse has appointed John Childers (34) as Executive Vice President of Exploration and Production and Stuart Loewenstein (50) as Executive Vice President of Business Development.

Mr. Childers takes over the day to day operating responsibilities from Mark Dice, who became Chief Executive Officer on October 6. Prior to his appointment, Mr. Childers was Vice President of Land at NEC. John has diverse operating experience in the oil, gas and mining industries, including drilling of onshore oil and natural gas wells, installation of natural gas pipelines, and management of oil, gas and mining processing and production facilities, holding positions with several exploration & production companies and a uranium mining company. Mr. Childers holds a law degree from St. Mary's University, School of Law and a bachelor's degree from the University of Houston, where he also successfully completed the Petroleum Land Management program.

Mr. Loewenstein was previously Executive Vice President of Exploration and Development for Norse. Prior to joining Norse he was President and Founder of Quest Energy which was sold in 2006. Stuart has wide-ranging experience in the oil and gas industry in technical and executive functions. He has a degree in geology from the University of New York and did graduate work in geology with a focus on geophysics. Mr. Loewenstein has co-authored numerous papers on geology and exploration methods in the Appalachian basin.

"We are pleased that John and Stuart have accepted their new positions as part of the Executive team. We are confident that they are the right people to continue our efforts to build a strong, efficient and profitable company," said Mark Dice, CEO of Norse Energy.