Brief: Interoil Exploration And Production Says Colombian Subsidiary Reached Agreement With ANH For A Partial Termination Of LLA-47 Block Contract

Interoil Exploration and Production ASA

26/08/2024 22:34

Aug 26 (Reuters) - Interoil Exploration and Production
ASA  IOX.OL :
    * INTEROIL EXPLORATION AND PRODUCTION ASA - COLOMBIAN
SUBSIDIARY
REACHED AGREEMENT WITH ANH FOR A PARTIAL TERMINATION OF LLA-47
BLOCK CONTRACT
    * INTEROIL EXPLORATION AND PRODUCTION ASA - TERMINATION OF
LLA-47
CONTRACT SHALL BE MADE WITHOUT PENALTIES OR COMPENSATIONS BY
ICEP OR CO
    * INTEROIL EXPLORATION AND PRODUCTION - ANH HAS PERMITTED
ICEP TO
REDUCE GUARANTEES SECURING LLA-47 CONTRACT FROM $11.1 MILLION TO
A SUM OF $100,000
    * INTEROIL EXPLORATION AND PRODUCTION - TERMINATION OF
EXPLORATION
AND PRODUCTION CONTRACT BETWEEN ICEP AND ANH OVER ALTAIR BLOCK
IS ALSO EXPECTED
    * INTEROIL EXPLORATION AND PRODUCTION - CONTRACT CONCERNING
EXPLORATION, COMMITMENTS SHALL BE TERMINATED, EXPLORATION AREA
TOO BE HANDED BACK TO ANH

Source text for Eikon:  ID:nGNEb5l7XH 
Further company coverage:  IOX.OL 

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