It looks like you’re looping 4 <ul class="flex-unslider-ul">
items, do you not need to simply put the loop around the <li class="flex-unslider-slide">
<?php
$args = array(
'post_type' => 'referanse'
);
$referanser = new WP_Query( $args );
if( $referanser->have_posts() ):
?>
<ul class="flex-unslider-ul">
<?php while( $referanser->have_posts() ): $referanser->the_post(); ?>
<li class="flex-unslider-slide">
<div class="content">
<?php the_content(); ?>
</div>
<h1>- <?php the_title() ?></h1>
</li>
<?php endwhile; ?>
</ul>
<?php
else:
echo 'Oh ohm no referanser!';
endif;
?>
Hope this helps