NOR Energy AS

NOR Energy AS

July 10, 2007 00:20 ET

NOR Energy AS: Central Causeway Well 211/22a-6 Test Results Flows Oil

CALGARY, ALBERTA--(Marketwire - July 10, 2007) - NOR Energy AS (NOR) is pleased to announce the test results from the Central Causeway well 211/22a-6 located in the UK sector of the North Sea Continental Shelf.

The directionally drilled well, designed to test the Jurassic Brent sandstones, reached a total depth of 3,739 meters and successfully tested the Etive and Ness formations. The Ness, tested over a 62 ft interval, flowed at rates up to 4,300 bopd. The Etive, tested over an 18 ft interval flowed at rates up to 2,000 bopd. Light crude was recovered (32 degrees API in the Ness and 36 degrees in the Etive) and no water. Log and test data indicated a gross oil column of 233 ft and net pay thickness of 105 ft. with porosity averaging 19%.

The 22a-6 well is one of three wells planned this summer as follow-up wells to the 211/23d-17z East Causeway discovery drilled by the partners one year ago.

The 17z horizontal well is located north-east of the 211/22a-6 discovery. The 17z oil discovery tested a combined flow rate of 14,500 bopd from the Ness and Tarbert formations. This rate did not include production from a zone encountered by the previously drilled and suspended 211/23b-11 well, which tested 8,100 bopd, nor did it include the previously drilled and abandoned 211/22a-3 well located in the south-west fault compartment, which tested 5,500 bopd.

The partners have now confirmed the presence of oil in all four fault compartments.

The Causeway project is operated by Antrim Resources (N.I.) Limited and NOR has a 10.5% working interest.

NOR Energy AS is a Calgary based Norwegian incorporated privately held company with assets in the UK North Sea, Tanzania, Australia and the Czech Republic.

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