Brief: Argeo And Shearwater Forge Strategic Alliance

Argeo ASA

27/09/2023 07:09

Sept 27 (Reuters) - Argeo AS  ARGEO.OL :
    * ARGEO AND SHEARWATER FORGES STRATEGIC ALLIANCE TO
TRANSFORM
SUBSEA AND OCEAN BOTTOM SEISMIC MARKETS
    * ARGEO HAS ENTERED INTO A MOA TO ACQUIRE SEISMIC VESSEL SW
FROM
SHEERWATER FOR USD 6 MILLION IN CASH PLUS 20,123,625 SHARES IN
ARGEO
    * ARGEO AND SHEARWATER HAVE SIGNED LOI FOR LONG-TERM
CAPACITY
AGREEMENT WHICH WILL ENABLE SHEARWATER TO HIRE VESSEL CAPACITY
FROM ARGEO FOR SHEARWATER'S OBN OPERATIONS

Source text for Eikon:  ID:nObiWYDTYa 
Further company coverage:  ARGEO.OL 

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