Norse meeting with Joe Matrens/DEC
Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange, Norway; “NSEEY” ticker U.S. OTC) is pleased to announce its recent meeting with New York State NewlyDepartment of Environmental Conservation (“DEC”) Commissioner Joe Martens at which Martens asserted his confidence in the DEC to timely complete plans to release its Supplemental Generic Environmental Impact Statement on horizontal hydraulic fracturing in the Marcellus Shale this summer. Appearing shortly thereafter on National Public Radio’s The Capitol Pressroom on March 18 he reaffirmed his views stating:
“We don’t know how long it’s going to take, number one, for EPA to complete its study. I have a lot of confidence that DEC has the resources – not just at DEC, but the state of New York – we’re taking advantages of the resources of other states, other state agencies, to look at all of these issues…“We’re going to do a very thorough job…I’m confident we are going to have all the information we need to complete the supplemental generic environmental impact statement…I’m satisfied it’s going to come out, but probably more like this summer some time,” Martens said.
Norse also presented at a recent natural gas forum sponsored by Penn Dixie Paleontological and Outdoor Educational Center/Independent Oil and Gas Association of New York at which the keynote address was provided by the NYS Geologist, Dr. Langhorne “Taury” Smith. Dr. Smith who is the official state geologist refuted claims by environmental extremists that hydraulic fracturing contaminates groundwater. He was recently quoted in the Albany Times Union newspaper saying that claims of contamination have been “exaggerated” and used to raise funds by alarming folks about the alleged dangers of hydro-fracturing. Dr. Smith indicated that he has found no evidence of such contamination in three years of study.
“It is very encouraging that public officials in New York State are openly addressing the facts and the science, commented Norse Energy CEO, Mark Dice. “This natural gas well completion process has been, and will continue to be, done safely in this state under the watchful eye of the DEC”, concluded Dice.
Norse Energy has total contingent resources of ~4 TCF (~713 MMBOE) at the end of 2010. The Company has a significant land position of 180,000 net acres in New York State. The Company also owns a natural gas marketing business and operates pipeline systems in New York and Pennsylvania for gathering and transmission of natural gas.