AS (“OKEA”), a company established under Norwegian law, which has developed and produced petroleum in Norway. The details of the transaction can be summarised as follows: 1. Date of an entry into of
Old Broad Street, London EC2N 1AR and on www.eastspring.co.uk. Norway The fund has been notified and registered with the Norwegian Financial Supervisory Authority (Finanstilsynet) in accordance with
26 million, even though share of profit from operation in this fiscal year was a loss, due to loss from the depreciated Norwegian Krone (NOK) , and the impairment on Technical Goodwill from investments
M43 MOROCCAN S50 SWISS K05 KAMPUCHEAN M44 MOZAMBICAN S60 SAMOAN K10 KOREAN M45 MONTENEGRIN S70 SOUTH AFRICAN K20 KENYAN N10 NEW ZEALAND S71 SALVADOREAN K30 KAZAHS N20 NORWEGIAN S72 SAMOANS K40 KUWAITI
S50 SWISS K05 KAMPUCHEAN M44 MOZAMBICAN S60 SAMOAN K10 KOREAN M45 MONTENEGRIN S70 SOUTH AFRICAN K20 KENYAN N10 NEW ZEALAND S71 SALVADOREAN K30 KAZAHS N20 NORWEGIAN S72 SAMOANS K40 KUWAITI N30 NEPALESE
issuing 15,000,000 shares in the Norwegian Stock Exchange (Oslo Stock Exchange) with an offering price of NOK 21 per share. After the issuance of the new shares, OKEA has a registered share and issued and
from currency conversion of loans in foreign currencies due to the depreciation of Norwegian Krone against US Dollar. Aside from this, the company realized loss on impairment of assets owned by Nido
. Furthermore, the scheduled turnaround maintenance of the Draugen field shifted from September to June, lowering volume sold. However, this quarter realized gain from foreign exchange rate, due to the Norwegian
foreign exchange as the US Dollar appreciated against the Norwegian Krone (NOK). However, during this quarter there were no impairments on Technical Goodwill, due to adjustments of production profile and
on technical goodwill has been recognized for Gjøa oil field acquisition following the lower gas prices. In accordance to Norwegian code of conduct, OKEA needs to perform impairment tests of technical