Kurs & Likviditet
Beskrivning
| Land | Storbritannien |
|---|---|
| Lista | OB Match |
| Sektor | Råvaror |
| Industri | Olja & gas |
2022-05-23 06:30:00
Oslo, 23 May 2022: With reference to the stock exchange announcement made 27
January 2022, and the update provided 2 May 2022, regarding the government
consent provided to PetroNor E&P ASA's (OSE ticker: PNOR, "PetroNor")
acquisition of Panoro's ownership interest in Offshore Mining Lease no. 113
("OML 113") offshore Nigeria, containing the Aje oil and gas field, and for the
transfer of OML 113 to Aje Production AS ("Aje Production").
PetroNor is pleased to announce that, as an interim step towards completion of
the transaction, PetroNor and the OML 113 Operator, Yinka Folawiyo Petroleum
("YFP") have executed amendments to agreements for the formation of the jointly
owned Aje Production, originally signed on 5 December 2019.
The amendments provide for YFP's contribution to Aje Production being limited to
the shareholding in the YFP DW company. As a consequence PetroNor's ownership
will be increased to 52% and Aje Production will hold a 15.5% participating
interest and an economic interest in the order of 38.755 % in OML 113 during the
majority of the project period. YFP has undertaken to align its voting rights
with Aje Production's objectives in the development of the Aje field.
PetroNor and Panoro continue to finalise documentation to complete other
elements of the transaction which is expected to take place before 30 June 2022
as previously announced.
All other terms and conditions of the transaction remain unchanged.
For further information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com
About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and
production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA
holds exploration and production assets offshore West Africa, specifically the
PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa
(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the
Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in
arbitration) and OML 113 in Nigeria (subject to completion).