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Noreco

Noreco
2005 FOUNDED
PUBLIC STATUS
11-20 EMPLOYEES
NOR STOCK SYMBOL
5 INVESTMENTS
$23.24 SHARE PRICE (As of Monday Closing)
Description

Norwegian Energy Co ASA is an independent Norwegian oil company. It is engaged in the exploration, development, and production of oil, gas, and natural gas liquids in northwest Europe. Geographically it operates through the region of Norway, Denmark, and the United Kingdom.

Website
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Energy Production
Other Industries
Energy Exploration
Stock Exchange
OSL
Primary Office
  • Nedre Vollgate 1
  • 0158 Oslo
  • Norway

+47 22 00 00 00
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Noreco Stock Performance

52 wk Range Market Cap Prev. Close EPS Average Volume Shares
$22.11 - $35.67 $571M $23.71 -$2.85 9.4K 24.5M

Noreco Financials Summary

In Thousands,
USD
TTM
30-Jun-2019
FY 2018
31-Dec-2018
FY 2017
31-Dec-2017
FY 2016
31-Dec-2016
Enterprise Value 282,445 198,156 303,847 255,099
Revenue 2,711 1,965 1,209 1,309
EBITDA (16,504) (15,227) (54,538) (4,402)
Net Income (20,512) (17,560) (38,213) 34,499
Total Assets 121,633 124,191 111,916 187,402
Total Debt 58,590 54,176 18,876 61,310
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Noreco Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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Noreco Investments & Acquisitions (5)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000000 0&0 30-May-2019 00000 0000000 Energy Production
00000 00000 00000 08-Nov-2018 000000000000000000 00.00 Energy Production 00000 000000
00000000 000 00000 19-Jun-2008 000000000000000000 0000 Energy Exploration 00000 0000
0000000 29-Aug-2007 000000000 00000 Energy Exploration 00000 0000
Noreco (licences PL006C and PL006D) 01-Jan-2006 Secondary Transaction - Private Energy Exploration
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Noreco Exits (1)

Company Name Exit Date Exit Type Exit Size Status Buyers
00000000 0&0 30-May-2019 00000 0000000 Completed
  • 000000
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Noreco Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

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Noreco Executive Team (9)

Name Title Board
Seat
Contact
Info
Sjur Talstad Chief Operating Officer
Frederik Rustad Managing Director
Riulf Rustad Executive Chairman
Olav Haugland Chief Financial Officer

5 Former Executives

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Noreco Board Members (13)

Name Representing Role Since Contact
Info
0000 000000 Noreco Board Member 000 0000
0000 0000000 Noreco Board Member 000 0000
00000000 000 Noreco Board Member 000 0000
00000 000000 Noreco Executive Chairman 000 0000
0000 0000000 000000 Noreco Board Member 000 0000

8 Former Board Members

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