KNOX CALL FOR EXRTAORDINARY GENERAL MEETING
2026-08-05 15:26:52
It has now been agreed with Inpector Capital B.V. (“Inpector”) to call for an Extraordinary General Meeting on August 31 2026 to approve the transaction between Knox Energy Solutions AS (“Knox”) and Inpector, earlier announced on 6 April 2026.
Knox will, in exchange for 50% of the equity in the company, receive 12.5% ownership of Inpector and USD 1.2 mill in cash to be used as working capital.
Inpector fully owns Scimitar Production Egypt Ltd (“Scimitar”), the operator of the Issaran onshore heavy oil field, located in Egypts eastern desert c. 300 km south-east of Cairo. The field is currently producing about 4,500 barrels per day. The plan is to ramp production up to around 10,000 barrels per day after which Scimitar intends to start distributing part of its operating cash flow. The Issaran concession held approximately 700 million barrels of oil-in-place, of which less than 4% has been produced to date.
For further comments, please contact:
Geir Aune, Chairman, ga@knox-energy.com
Tom Kristiansen, COO, tk@knox-energy.com