Brief: Petronor E&P ASA Expands Strategic Options By Increasing Interest In The AJE Gas Development

Petronor E&P ASA

02/10/2023 05:07

Oct 2 (Reuters) - Petronor E&P ASA  PNOR.OL :
    * PETRONOR E&P ASA: PETRONOR EXPANDS STRATEGIC OPTIONS BY
INCREASING INTEREST IN THE AJE GAS DEVELOPMENT
    * PETRONOR E&P - ENTERED INTO A BINDING AGREEMENT WITH NEW
AGE 
LIMITED TO ACQUIRE NEW AGE'S INTERESTS IN OML 113 IN NIGERIA
WHICH CONTAINS AJE FIELD
    * PETRONOR E&P - ON COMPLETION OF THESE TRANSACTIONS,
PETRONOR AND
YFP RELATED ENTITIES WILL HAVE A PROJECT ECONOMIC AND JOA VOTING
INTEREST OF 71%
    * PETRONOR- WILL PAY NEW AGE $6 MILLION CASH ,DEFERRED
FUTURE GAS
PRODUCTION PAYMENT UP TO A MAXIMUM OF $20 MILLION TO ACQUIRE NEW
AGE'S ENTITIES HOLDING

Source text for Eikon:  ID:nObiqrbCza 
Further company coverage:  PNOR.OL 

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