Brief: Interoil Signs Deals In Colombia, Argentina, Announces Private Placement

Interoil Exploration and Production ASA

04/03/2021 08:06

March 4 (Reuters) - Interoil Exploration and Production ASA  IOX.OL :
    * INTEROIL SIGNS AGREEMENTS IN COLOMBIA AND ARGENTINA; ANNOUNCES SMALL PRIVATE PLACEMENT.
    * HAS SIGNED A FARM-OUT AGREEMENT WITH SLS AND QUANTUM RESOURCES FOR DRILLING OF REMAINING
COMMITTED EXPLORATORY WELL (MAZORCA) IN ALTAIR BLOCK
    * IN ARGENTINA, INTEROIL HAS SIGNED AN AGREEMENT WITH VELITEC SA TO INVEST IN RE-OPENING OF
15
WELLS IN MATA MAGALLANES OESTE (MMO) OIL FIELD
    * FURTHER ANNOUNCING A PRIVATE PLACEMENT OF NEW SHARES OF UP TO (NOK EQUIVALENT) EUR
999,999.
    * SUCCESSFUL COMPLETION OF THIS SHARE ISSUE SHALL PROVIDE COMPANY WITH FUNDS REQUIRED TO
TRIGGER
START OF DRILLING ACTIVITIES AT MAZORCA WELL IN ALTAIR BLOCK

Source text for Eikon:  ID:nGNEc7pdxj 
Further company coverage:  IOX.OL 

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