Brief: North Energy: Petroleum Tax Settlement For 2017

North Energy ASA

08/11/2018 13:38

Nov 8 (Reuters) - North Energy ASA  NORTH.OL :
    * REG-NORTH ENERGY ASA - PETROLEUM TAX SETTLEMENT FOR 2017
    * SETTLEMENT CONSIST OF AN EXPLORATION TAX REFUND OF NOK 33.5 MILLION, WHICH IS BASED ON
EXPLORATION EXPENSES FOR 2017
    * SETTLEMENT ALSO CONSIST OF AN EXIT TAX REFUND OF NOK 199.7 MILLION, WHICH IS BASED ON TAX
LOSSES
CARRIED FORWARD FROM PRIOR YEARS
    * TOTAL CASH REFUND, EXCLUDING INTEREST, IS IN LINE WITH EXPECTATIONS AND AMOUNTS TO NOK
233.2
MILLION
    * LIQUIDATION BOARD OF NORTH E&P WILL TAKE NECESSARY MEASURES TO ENSURE SUFFICIENT FINANCIAL
COVER
OF A POTENTIAL FUTURE TAX CLAIM

Source text for Eikon:  ID:nGNE2cbrHv 
Further company coverage:  NORTH.OL 

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