Sale of Siri field completed
(Thomson Reuters ONE) -
Stavanger, 23 December 2011: Norwegian Energy Company (Noreco) has completed the
sale of its interests in the Siri field to DONG Energy.
The agreement to sell Siri was announced in July this year. The price is USD 13
million with effective date 1 July 2011.
Noreco wrote down the value of the Siri field in the third quarter 2011, and the
transaction is therefore not expected to have any significant impact on the
company's fourth quarter 2011 results. The transaction will have a positive
impact on Noreco's equity ratio of approximately one percentage point due to the
corresponding reduction of assets and liabilities in the balance sheet.
Contact:
Kjetil Bakken, VP Investor Relations (+47 91 889 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NORECO via Thomson Reuters ONE
[HUG#1573617]
Unternehmensinformation / Kurzprofil:
Datum: 23.12.2011 - 08:30 Uhr
Sprache: Deutsch
News-ID 99720
Anzahl Zeichen: 1482
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Sale of Siri field completed"
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