Norse Energy

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Lysaker, Norway-basedNorse Energy Corp., or its North American subsidiary, Nornew, Inc., with offices in Norwich, NY, northeast of Binghamton, in eastern Chenango County, NY, reported in August, 2008 to have drilled eleven wells in the previous twelve months in Chenango County. It has been active in that county since 1996. Later reports indicaed that all eleven were successful in fractured Silurian Herkimer sandstone.

In Septeber, 2008 the company announced that two of its wells in northern Chenango County have been producing approximately one million cubic feet of natural gas per day each from the Herkimer formation. The well locations have never been disclosed, but Norse has several wells along county Rt. 16 in Smyrna and Plymouth. Production from these wells flows out through a New York State Gas & Electric or Dominion line

An October, 2008 report indicated Norse owns drilling rights on 130,000 acres in Broome, Chenango and Madison counties in New York. It has drilled two additional wells near Norwich, New York, and built a gathering system there.

The company also plans to drill in central Broome County, where it can ship gas out through the Millennium Pipeline once it is completed later this year. It has also set up a gas compression station at the northern end of its zone of operations so as to pump gas into a Dominion pipeline running through Madison County.

Øivind Risberg is Norse's Chief Executive Officer

Steven Keyes is its Vice President of Operations.

David Holbrook is a company spokesman.