Norse Energy went bankrupt and its assets (which are primarily its leases) were assigned to a trustee. Back in April, the trustee for Norse sold the majority of Norse’s NYS gas leases to the hedge fund Mason Capital Management, pursuant to bankruptcy court action. To offer some clarification on how this may impact those of you with formerly Norse leases: this sale does not affect the validity of the force majeure claim that Norse made to extend its NYS leases. Check out today’s Fleased News for more details!
My lease was with Norse Energy then sold to Empire, the lease expires August 2015.
How does the Force Majeure affect me? The lease expired in 2010 and was extended to 2015
I did not extend it. It was written in the lease. I bought the property with the lease(stupid me).
Hi Anna,
Thank you for reaching out. It sounds as though your lease was not extended by force majeure, but rather by a standard extension clause. We can verify that if you send a digital copy of your lease to FleasedNY@gmail.com. If, come August 2015, you need assistance in the lease termination process, please contact us again.
Best,
Emily