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PNOR - Petronor E&P News Story

NOK1.29 0.0  0.3%

Last Trade - 12/05/21

Sector
Energy
Size
Small Cap
Market Cap £113.7m
Enterprise Value £127.5m
Revenue £48.1m
Position in Universe 862nd / 1832

BRIEF-Petronor Says Unable To Reach Satisfactory Solution With Senegal Through Suspension Period

Mon 5th April, 2021 6:05pm
April 5 (Reuters) - Petronor E&P Ltd  PNOR.OL :
    * PETRONOR E&P- UNABLE TO REACH A SATISFACTORY SOLUTION WITH
SENEGAL THROUGH SUSPENSION PERIOD AND WILL THEREFORE RECOMMENCE
FORMAL ARBITRATION PROCESS
    * PETRONOR E&P- BOARD AND ITS LEGAL COUNSEL REMAIN CONFIDENT
IN
CO'S LEGAL POSITION AND LOOK FORWARD TO PROGRESSING ARBITRATION
TO INDEPENDENT JUDGEMENT
    * PETRONOR E&P LTD- ALSO REMAIN OPEN TO RE-ENGAGEMENT IF
GOVERNMENT CAN TABLE A SOLUTION THAT IS "MUTUALLY BENEFICIAL FOR
OUR COMPANY AND PEOPLE OF SENEGAL"

Source text for Eikon:  ID:nObiFJK10a 
Further company coverage:  PNOR.OL 

 ((Reuters.Briefs@thomsonreuters.com;))
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