Brief: Interoil Presents Accelerated Production Growth Strategy, Plans Organic Investment Programme

Interoil Exploration and Production ASA

14/06/2022 16:28

June 14 (Reuters) - Interoil Exploration and Production ASA
 IOX.OL :
    * PRESENTS ACCELERATED PRODUCTION GROWTH STRATEGY, PLANS
ORGANIC
INVESTMENT PROGRAMME, AND ANNOUNCES AGREEMENT TO ACQUIRE
PARTICIPATION IN A BLOCK IN THE PROLIFIC VACA MUERTA SHALE BASIN
IN ARGENTINA
    * TO INVEST IN ORGANIC GROWTH BY RE-OPENING SHUT-IN WELLS IN
ITS
SANTA CRUZ PORTFOLIO, MATA MAGALLANES OESTE, LA BREA
    * ENTERED INTO AN OPTION AGREEMENT TO ACQUIRE A DIRECT
INTEREST IN
BAJO GUANACO BLOCK
    * DEVELOPED DEAL PIPELINE TO CONSOLIDATE PORTFOLIO IN SANTA
CRUZ,ESTABLISH BEACHHEADS FOR FUTURE GROWTH IN OTHER PROLIFIC
BASINS
    * COMPANY IS ANNOUNCING AN OFFERING OF NEW SHARES IN COMPANY
WITH
GROSS PROCEEDS OF UP TO NOK 30 MILLION
    * MINIMUM SUBSCRIPTION AMOUNT IN SHARE ISSUE WILL BE NOK
10,000
    * SUBSCRIPTION PRICE IN SHARE ISSUE IS ESTABLISHED AT NOK
1.30 PER
SHARE
    * WILL DELIVER UP TO 270% EQUITY PRODUCTION GROWTH ALREADY
IN 2022

Source text for Eikon:  ID:nGNE5sVvwF 
Further company coverage:  IOX.OL 

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