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Noreco Huntington License Agreement


Published Dec 20, 2016
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Norwegian Energy Company ASA has announced that its fully owned subsidiary Noreco Oil UK Limited has entered into an agreement to transfer its 20% participating interest in the Huntington license with all rights and obligations to Premier Oil E&P UK Limited.

The transaction will have an accounting effect of a net gain of NOK 225 million to be reflected in the full year accounts.

Tags: Noreco Oil UK Limited, Norwegian Energy Company ASA, Premier Oil E&P UK Limited




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