In a pair of press releases issued yesterday, the now bankrupt Norse Energy Corp. wanted to let the market know “we’re still here, we’re still looking for investors, and we’re still hanging on by a thread hoping that New York allows us to start drilling any time now.” That’s about the sum total of what was said.
If New York does begin to issue shale drilling permits (a really big “if”), Norse is likely to be one of the first companies to receive permission to drill because they are one of the first companies to file permit applications for drilling in the Marcellus/Utica in New York.
