Norse Petroleum A/S v. LVO International, Inc.

O’HARA, Judge.

This matter is before the Court on cross-motions for summary judgment. The central issue is whether the plaintiff, Norse Petroleum A/S (“Norse”), and the defendant LVO International, Inc. (“LVOI”), entered into a binding contractual agreement. An examination of the record reveals the following factual setting:

Norse is a joint stock company organized and existing under the laws of Norway, and is engaged in the exploration and development of petroleum resources. LVOI is a corporate vehicle for investments by farm cooperatives which constitute its shareholders. The cooperatives…