Noreco wrote down the value of the Siri field in the third quarter 2011, and the transaction is therefore not expected to have any significant impact on the company's fourth quarter 2011 results. The transaction will have a positive impact on Noreco's equity ratio of approximately one percentage point due to the corresponding reduction of assets and liabilities in the balance sheet.
Contact:
Kjetil Bakken, VP Investor Relations (+47 91 889 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)