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OKEA Completed Sale of Interests in Grevling & Storskrymten

Source: www.gulfoilandgas.com 11/13/2019, Location: Europe

OKEA ASA (the Company) announces that the sale of 20% of the Company's participating interest in Grevling (PL 038D) and 18.57% of the Company’s participating interest in Storskrymten (PL 974) following Chrysaor Norge AS' options exercise (as described in the Company's listing prospectus of 27 May 2019 has now been consented to by the Ministry of Petroleum and Energy. Completion of the transactions is expected to occur no later than 31 December 2019. This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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