Report
Okea ASA
Ferjemannsveien 10
Phone: +47 73525222p:+47 73525222 TRONDHEIM, 7042  Norway Ticker: OKEAOKEA


OKEA ASA - Company update


OKEA ASA - Company update

OKEA's CEO, Erik Haugane, will present the company's current status and growth strategy at the 27[th] Pareto Energy Conference today.

"We have an optimistic outlook and are increasing our activity level. We foresee a sound organic growth in our production exceeding 25 000 boe/d by 2025 within our existing portfolio and target to deliver this growth without the need to raise further equity. We also maintain our opportunistic view on M&A" says CEO Erik Haugane.

The presentation is attached.

 

For further info please contact:

CEO, Erik Haugane, +47 907 21 655

CFO, Birte Norheim, +47 952 93 321

VP IR, Ståle Myhre, +47 917 51 878

About OKEA

OKEA ASA is an independent Exploration and Production (E&P) company and operator on the NCS with a current production of ~20 000 boe/d. OKEA targets profitable production growth within the current portfolio combined with an opportunistic approach to M&A.

OKEA ASA is listed on the Oslo Stock Exchange under the ticker "OKEA". More information on www.okea.no

http://publish.ne.cision.com//Release/ViewReleaseHtml/5300EC88137DFD38E0C856B0705FC7D6

https://mb.cision.com/Public/18168/3194738/b93a751d42031966.pdf


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Saturday, September 19, 2020