Brief: Interoil: Interoil Colombia Reaches Agreement With National Hydrocarbons Agency Of Colombia

Interoil Exploration and Production ASA

08/06/2018 07:46

June 8 (Reuters) - INTEROIL EXPLORATION AND PRODUCTION ASA
 IOX.OL :
    * REG-COR-6 DISPUTE: SETTLEMENT AGREEMENT
    * REACHED  AGREEMENT WITH NATIONAL HYDROCARBONS AGENCY OF
COLOMBIA
-AGENCIA NACIONAL DE HIDROCARBUROS
    * SETTLEMENT INCLUDES A TERMINATION OF COR-6 CONTRACT BY
MUTUAL
AGREEMENT
    * TO SETTLE ALL CLAIMS AND DISPUTES BETWEEN INTEROIL
COLOMBIA AND
ANH ON CONTRACT NO. 68, BLOCK COR-6
    * SETTLEMENT INCLUDES A TERMINATION OF COR-6 CONTRACT BY
MUTUAL
AGREEMENT
    * SETTLEMENT INCLUDES DEFINITIVE RELEASE OF PARTIES TO MAKE
ANY
CLAIM WITH REGARD TO COR-6 CONTRACT
    * ARBITRATION TRIBUNAL SUMMONED PARTIES TO A CONCILIATION
HEARING
CALLED FOR JUNE 6
    * ALL CLAIMS OF ANH AGAINST INTEROIL COLOMBIA CONCERNING
COR-6
CONTRACT ARE TERMINATED
    * INTEROIL COLOMBIA WAIVES ALL CLAIMS AGAINST ANH CONCERNING
COR-6
CONTRACT

Source text for Eikon:  ID:nGNE76YzpL 
Further company coverage:  IOX.OL 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))