Brief: Interoil Acquires Petroleum Concessions In Argentina

Interoil Exploration and Production ASA

29/04/2019 23:52

April 29 (Reuters) - Interoil Exploration and Production ASA
 IOX.OL :
    * REG-INTEROIL ACQUIRES PETROLEUM CONCESSIONS IN ARGENTINA
    * INTEROIL EXPLORATION AND PRODUCTION - AGREEMENT TO ACQUIRE
MAJORITY INTERESTS IN ONE EXPLORATION AND TWO PRODUCTION
CONCESSIONS IN ARGENTINA 
    * INTEROIL EXPLORATION AND PRODUCTION- DEAL FOR A TOTAL
CONSIDERATION OF $13 MLN
    * NTEROIL EXPLORATION AND PRODUCTION ASA  IOX.OL - TOTAL
AGREED
CONSIDERATION AMOUNTS TO $13 MLN, OF WHICH $3.9 MLN WILL BE
SETTLED IN CASH
    * INTEROIL EXPLORATION AND PRODUCTION  - LICENSES INCLUDED
IN
AGREEMENT CURRENTLY OWNED BY OIL INVESTMENT INC., A HOLDING
COMPANY REGISTERED IN PANAMA
    * INTEROIL EXPLORATION- REMAINDER $9.1 MLN BEING SETTLED
THROUGH
ISSUANCE OF TOTAL OF 22,221,851 NEW SHARES IN INTEROIL AT NOK
3.55

Source text for Eikon:  ID:nGNE9c9h6Y 
Further company coverage:  IOX.OL 

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