Norse Energy Corp ADR (NSEEY)

[reaper247]

According to the corporate presentation released in July, the company is projecting capital expenditures of $8,609,381,250 on the development of the Herkimer, Marcellus and Utica shales with an internal rate of return of 62%.

Not sure that we have seen the bottom yet, as the company is unable to develop these assets until 2012 because of the NYGEIS restrictions.


Could be a monster though.

http://norseenergycorp.com/index.php?name=Investor_Relations%2FShare_information%2FShareholders.html

Shareholders
As of August 19, 2011
NAME HOLDING PERCENTAGE COUNTRY
1 GOLDMAN SACHS 47,124,382 6.34% GBR
2 ODIN OFFSHORE 27,500,000 3.70% NOR
3 UBS AG, LONDON BRANC S/A 24,599,748 3.31% GBR
4 DNB NOR SMB VPF 19,720,736 2.65% NOR
5 EUROCLEAR BANK S.A. 18,610,094 2.50% BEL
6 NORDNET BANK AB 14,480,050 1.95% SWE
7 MP PENSJON 12,689,600 1.71% NOR
8 BJARTE BRUHEIM 12,000,000 1.61% NOR
9 BANK OF NEW YORK MEL BNY 11,691,885 1.57% DEU
10 JEFFERIES & CO 11,115,000 1.50% USA
11 SAF INVEST AS 10,000,000 1.35% NOR
12 KLP AKSJE NORGE VPF 9,699,900 1.31% NOR
13 JP MORGAN CHASE BANK S/A 9,471,599 1.27% GBR
14 BANK OF NEW YORK MEL TREATY 8,002,000 1.08% GBR
15 WESTCAP A/S 7,600,000 1.02% NOR
16 HSBC BANK PLC 7,530,238 1.01% GBR
17 KOMMUNAL LANDSPENSJONSKASSE 7,346,610 0.99% NOR
18 SKANDINAVISKA ENSKILDA 7,258,578 0.98% LUX
19 JAN HENRY FARSTAD 7,067,716 0.95% NOR
20 MORGAN STANELY & CO S/A 7,063,787 0.95% GBR

Top 20 Shareholders 280,571,923 37.75%

Total shares outstanding 743,154,566

IMO and FWIW.