Norse Energy Corp ADR (NSEEY)

[reaper247]

Norse Addresses SGEIS Status

(full story at link)

http://norseenergycorp.com/showpress.php?releaseid=705223

"11 October 2012

Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange, Norway; “NSEEY” ticker U.S. OTC) advises that recent public statements by the New York State Department of Environmental Conservation (NYDEC) concerning review of the Supplemental Generic Environmental Impact Statement (SGEIS) by the New York State Health Department, prior to its issuance, are consistent with, and a standard part of, normal agency practice.

It should be noted that, in addition to preparing the SGEIS, the NYDEC is also preparing new drilling regulations to support SGEIS implementation. These new drilling regulations are separate from the SGEIS. Once the SGEIS is issued, the NYDEC will have authority to commence the permitting process for high volume hydraulic fracturing (HVHF) of shale wells in New York State..."

IMO and FWIW.