Brief: Oryx Petroleum Announces Results Of Haute Mer B Arbitration

Forza Petroleum

05/02/2020 22:34

Feb 5 (Reuters) - Oryx Petroleum Corporation Ltd  OXC.TO :
    * ORYX PETROLEUM ANNOUNCES RESULTS OF HAUTE MER B
ARBITRATION
    * ORYX PETROLEUM CORPORATION - DECISION OF ARBITRATION
TRIBUNAL IN
MATTER FOR TRANSFER OF PARTICIPATING INTEREST IN HAUTE MER B
LICENSE OFFSHORE CONGO
    * ORYX PETROLEUM CORPORATION LTD - TRIBUNAL REJECTED
SELLER'S
POSITION THAT ALL CONDITIONS TO CLOSING HAD BEEN EITHER
SATISFIED OR WAIVED
    * ORYX PETROLEUM CORPORATION LTD - BUYER WAS REQUIRED TO
CLOSE
TRANSACTION AND ACQUIRE SELLER'S INTERESTS
    * ORYX PETROLEUM CORPORATION LTD - FORECAST CASH
CONSIDERATION OF
$13.3 MILLION FROM TRANSACTION WILL NOT BE RECEIVED

Source text for Eikon:  ID:nCNWpTPPHa 
Further company coverage:  OXC.TO 

 ((Reuters.Briefs@thomsonreuters.com;))