Okea Småprat

TekBot · oktober 25, 2023, 1:09pm

OKEA webcast Q3 2023

OKEA ASA will release its third quarter 2023 results tomorrow Thursday 26
October 2023 at 06:00 CET.

…

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A presentation of the results will be held the same day through a webcast and
audioconference starting 10:00 CET. The presentation will be held by Svein J.
Liknes (CEO) and Birte Norheim (CFO).

The webcast can be followed
at www.okea.no (Error during processing.
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or OKEA Webcast Q3
2023 (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20231026_6)

Dial in details for the audioconference:
NO: +47 2195 6342
DK: +45 7876 8490

SE: +46 8 1241 0952

UK: +44 203 769 6819
US: +1 646-787-0157

PIN Code: 681934

For further information, please contact:

Anca Jalba, VP IR & Communication

anca.jalba@okea.no

+47 410 87 988

About OKEA

OKEA ASA is a leading mid- to late-life operator on the Norwegian continental
shelf (NCS). OKEA finds value where others divest and has an ambitious strategy
built on growth, value creation and capital discipline.

OKEA is listed on the Oslo Stock Exchange (OSE:OKEA)

More information at www.okea.no

Kilde

TekBot · oktober 26, 2023, 3:59am

Key information relating to the cash dividend to be paid for OKEA ASA

(Trondheim, 26 October 2023) - OKEA ASA (OSE: OKEA)

Dividend amount: NOK 1.00 per share
…

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Announced currency: NOK

Last day including right: 30 November 2023

Ex-date: 1 December 2023

Record date: 4 December 2023

Payment date: 15 December 2023 (on or about)

Date of approval: 25 October 2023

For further information, please contact: VP IR & Communication, Anca Jalba, + 47
410 87 988.

This information is subject to the disclosure requirements pursuant to Oslo Rule
Book II section 4.2.4.

About OKEA

OKEA ASA is a leading mid- to late-life operator on the Norwegian continental
shelf (NCS). OKEA finds value where others divest and has an ambitious strategy
built on growth, value creation and capital discipline.

OKEA is listed on the Oslo Stock Exchange (OSE: OKEA).

More information at www.okea.no

Kilde

TekBot · oktober 26, 2023, 3:59am

OKEA ASA - NOK 1.00 dividend payment payable on or about 15 December

(Trondheim, 26 October 2023) - OKEA ASA (OSE: OKEA): On 11 May 2023 the annual
general meeting of OKEA granted the board of directors an authorisation to
approve distribution of dividends based on the company’s annual accounts for
…

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The board of directors has now approved a cash dividend of NOK 1.00 per
share which will be paid in December.

Dividend payment in Q4 2023

The board has resolved to distribute a cash dividend payment of NOK 103.9
million (NOK 1.00 per share) in December 2023. Ex-dividend date is 1 December
2023, and record date is 4 December 2023. Payment is expected on or about 15
December 2023.

For further information, please contact: VP IR & Communication, Anca Jalba, +
47 410 87 988.

The information pertaining to dividend for Q4 2023 is subject to the disclosure
requirements of Oslo Rule Book II section 4.2.4.

About OKEA

OKEA ASA is a leading mid- to late-life operator on the Norwegian continental
shelf (NCS). OKEA finds value where others divest and has an ambitious strategy
built on growth, value creation and capital discipline.

OKEA is listed on the Oslo Stock Exchange (OSE: OKEA).

More information at www.okea.no

Kilde

TekBot · oktober 26, 2023, 4:01am

OKEA ASA - Third quarter 2023 financial results

(Trondheim, 26 October 2023) - OKEA ASA (OSE: OKEA) delivered operating income
of NOK 2,105 (1,707) million and EBITDA of NOK 1,336 (1,167) million in the
third quarter of 2023. Net profit after tax amounted to NOK 32 (69) million.
…

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(Amounts in parentheses refer to previous quarter)

“Production performance in the quarter was good, particularly on our operated
assets. In combination with increased liquids prices, this resulted in solid
total operating income and EBITDA. However, the reduction in reserve estimates
for the Yme field caused an impairment of NOK 475 million which reduced net
profit after tax by NOK 104 million to NOK 32 million for the quarter. We
successfully completed a refinancing in September which extended the maturity of
the outstanding bond debt and added financial flexibility through a revolving
credit facility. Our growth journey continues with the acquisition of 28% WI in
the Statfjord Area from Equinor progressing towards completion in November as
well as the start of production of the Hasselmus gas field in October”, said
OKEA CEO Svein J. Liknes.

Third quarter 2023 summary

Net production to OKEA in the third quarter was 23,710 (22,263) boepd. Brage
sustained production above plan, while Draugen, Gjøa, Ivar Aasen and Nova
produced according to plan in the quarter. Technical issues at Yme resulted in
reduced production in July.

Sold volumes in the quarter amounted to 26,689 (22,782) boepd. The increase
compared to previous quarter was mainly due to the high volumes lifted from
Draugen, Brage, Ivar Aasen and Nova.

The average realised liquids price was USD 89.0 (70.1) per boe and the average
realised price for gas was USD 61.9 (81.2) per boe. USD 0.7 (23.3) per boe of
the realised gas price was attributable to gain on fixed price contracts.

Other operating income/loss (-) amounted to NOK -26 (66) million and comprises
tariff income at Gjøa of NOK 26 (35) million, change in fair value of the
contingent consideration to Wintershall Dea of NOK -39 (18) million, income from
joint utilisation of logistic resources of NOK 9 (8) million and a net loss from
financial oil hedging of NOK -26 (5) million.

An impairment charge of NOK 475 (300) million was recognised on the Yme asset.
The impairment was mainly driven by a downward revision of reserves, partially
offset by increased forward prices for oil. As Yme is carried at fair value, any
adjustments to asset performance and/or macro assumptions will result in
impairments or reversal of previous impairments also going forward.

Exploration and evaluation expenses amounted to NOK 34 (124) million. General
and administrative expenses amounted to NOK 46 (47) million and represent OKEA’s
share of costs after allocation to license activities.

At the end of the quarter we were net cash positive with cash and cash
equivalents amounting to NOK 2,346 (2,335) million. Interest-bearing bond loans
were NOK 1,300 (1,293) million.

OKEA paid dividend of NOK 104 (104) million in the quarter. The board of
directors has approved a cash dividend of NOK 1.00 per share for the fourth
quarter of 2023 which will be paid in December.

Webcast and audioconference
A presentation of the results will be held today through a webcast and
audioconference starting 10:00 CET. The presentation will be held by Svein J.
Liknes (CEO) and Birte Norheim (CFO).
The webcast can be followed at www.okea.no
or OKEA Webcast Q3 2023
(royalcast.com) (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/2023102
6_6)
Dial in details for the audioconference:
NO: +47 2195 6342
DK: +45 7876 8490

SE: + 46 8 1241 0952

UK: +44 203 769 6819
US: +1 646-787-0157

PIN Code: 681934

For further information, please contact:
Anca Jalba, VP IR & Communication

anca.jalba@okea.no

+47 410 87 988

About OKEA
OKEA ASA is a leading mid- to late-life operator on the Norwegian continental
shelf (NCS. OKEA finds value where others divest and has an ambitious strategy
built on growth, value creation and capital discipline.

OKEA is listed on the Oslo Stock Exchange (OSE:OKEA)

More information at www.okea.no

Kilde

TekBot · oktober 31, 2023, 2:41pm

MANDATORY NOTIFICATION OF TRADE PRIMARY INSIDERS

Trondheim, 31 October 2023 - OKEA (OSE:OKEA)

Jon Arnt Jacobsen (board member) has today bought 2,650 shares in OKEA ASA
…

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(“OKEA”) at an average price of NOK 37.54.

Copy of notification of the person discharging managerial responsibilities
(“PDMR”) for its purchase is attached hereto.

This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 and section 5-12 of the Norwegian
Securities Trading Act.

For further information, please contact:

Anca Jalba, VP IR

anca.jalba@okea.no

+47 410 87 988

About OKEA

OKEA ASA is a leading mid- to late-life operator on the Norwegian continental
shelf (NCS). OKEA finds value where others divest and has an ambitious strategy
built on growth, value creation and capital discipline. OKEA is listed on the
Oslo Stock Exchange (OSE:OKEA).

More information is available at www.okea.no

Kilde

Jenni · november 15, 2023, 12:50pm

Kan det skje noe spennende i Okea snart?

TekBot · november 30, 2023, 4:02pm

Statfjord transaction update

(Trondheim, 30 November 2023): OKEA ASA (OSE: OKEA)

Reference is made to the stock exchange announcement on 20 March 2023, where
…

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OKEA ASA (“OKEA” or the “Company”) announced that it had entered into an
agreement (the “SPA”) with Equinor Energy AS (“Equinor”) to acquire 28% working
interest in PL037 (Statfjord Area) with effective date 1 January 2023 for an
initial fixed consideration of USD 220 million (the “Acquisition”).

Completion of the Acquisition was contemplated to take place on 30 November
2023. OKEA has notified Equinor that completion will be postponed.

In connection with Equinor’s (as operator) obligation to provide RNB 2024
figures for the Statfjord Area, OKEA received updated information which
indicates a reduction in 2P and 2C volumes of 10-15% over the lifetime of the
acquired assets compared to RNB 2023, combined with increase in cost.

Preliminary assessments of the updated projections indicate a material reduction
in fair value and a significant impairment may therefore likely be required
following completion of the Acquisition.

Discussions with Equinor regarding the way forward are ongoing and the Company
will inform the market of any updates in this respect.

This information is considered to be inside information pursuant to Regulation
EU 596/2014 (MAR) and is subject to the disclosure requirements pursuant to MAR
article 17 and section 5-12 of the Norwegian Securities Trading Act. The
information was submitted for publication by VP IR and Communication, Anca Jalba

30 November 2023 at 17:00 CET.

For further information, please contact: VP IR and Communication, Anca Jalba,
+47 410 87 988

About OKEA

OKEA ASA is a leading mid- to late-life operator on the Norwegian continental
shelf (NCS). OKEA finds value where others divest and has an ambitious strategy
built on growth, value creation and capital discipline. OKEA is listed on the
Oslo Stock Exchange (OSE: OKEA).

More information at www.okea.no

Kilde

TekBot · desember 1, 2023, 7:41am

OKEA - Trading ex. dividend NOK 1.00 today

Jenni · desember 1, 2023, 1:51pm

DNB sin kommentar: “Statfjord transaction postponed. OKEA has postponed the closing of the Statfjord transaction, initially set for 30 November, due to Equinor revising down 2P and 2C volumes by 10–15%, in addition to increased costs, which would likely prompt significant impairments for OKEA should the transaction close at current terms. We expect OKEA to renegotiate, likely seeking a discount higher than the 10–15% volume reduction as near-term (valuable) volumes are likely to see higher negative revisions than long-term volumes, as well as higher-than-expected costs. Since the acquisition announcement in March, we have maintained a conservative view on Statfjord’s contribution, keeping our production estimates below the initial guidance. If the transaction falls through, it would be broadly neutral to our NAV.”

Teie · desember 2, 2023, 8:14pm

en selger som skiller seg ut, og den er tom

Jenni · desember 4, 2023, 9:28am

Sparebank 1 Markets hever målkurs for OKEA til 55 kroner (50), gjentar kjøp

Hva er forklaringen på dette? Noen som ser Sparebankens begrunnelse. Alle andre senker kursmålet, og de hever

Jenni · desember 5, 2023, 11:09am

Eh…

5.12.2023 06:34
Sparebank 1 Markets sänker riktkursen för OKEA till 50 norska kronor (55), upprepar köp - BN

TekBot · desember 11, 2023, 3:14pm

Financial calendar for OKEA ASA

Jenni · desember 15, 2023, 10:19am

Hva er status for stafjord avtalen? Krangler de fortsatt på bakrommet? BLI ENIGE OM NOE KOM IGJEN :)!

Midlang86 · desember 18, 2023, 9:39am

Kommer det avklaring, positivt før nyttår, skal denne raskt opp over 40kr. Føler fallet mtp oljepris og er noe overreaksjon. Tror på oppside inn i januar her.

Jenni · desember 18, 2023, 9:49am

Syntes ærlig talt ar den langvarige stillheten her er mistenkelig, selv om jeg syntes et rettferdig utfall ville vært en viss prisreduksjon på feltet.

Midlang86 · desember 18, 2023, 12:32pm

Skummet kjøp og salg siste tiden, positiv lesing med mange større norske som har økt og kommet inn på disse nivåene. Føler inngang er OK her, lar det stå seg over nyttår(25000 aksjer)

TekBot · desember 29, 2023, 2:02pm

Transaction between OKEA ASA and Equinor Energy AS completed

(Trondheim, 29 December 2023): OKEA ASA (OKEA, OSE: OKEA) today announces
completion of the Statfjord transaction with Equinor Energy AS (Equinor).

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Reference is made to the stock exchange announcement on 20 March 2023, where
OKEA announced that it had entered into an SPA with Equinor. Reference is
further made to the stock exchange announcement on 30 November 2023 where the
company informed about Equinor’s RNB 2024 numbers for the Statfjord Area and
that completion of the transaction will be postponed. The RNB 2024 numbers
indicated a 10-15% reduction in volumes over the lifetime of the acquired assets
compared to RNB 2023 combined with an increase in cost. The reduction in volumes
is mainly due to production regularity and well performance and is most
significant in the near term.

As the updated projections indicate a material reduction in fair value, OKEA
expects to recognise an impairment in the range of NOK 1,100 - 1,600 million in
the financial statements for the fourth quarter of 2023. As a goodwill
impairment, the impact to the financial statements will be the same before and
after tax.

Based on the current outlook, and due to dividend restrictions in the OKEA04
bond, the board of directors does not intend to propose any dividend plan for
distribution in 2024.

As part of an agreement between OKEA and Equinor, USD 60 million of the purchase
price consideration will be deferred until end of January 2024.

“After a thorough process, we have concluded that completing the transaction
represents the best way forward for OKEA. We remain fully committed to the
continued execution of our growth strategy as a leading mid to late-life
operator on the Norwegian continental shelf and will work diligently with
Equinor and the licence partners to develop the full potential of the Statfjord
Area” says Svein J. Liknes, CEO of OKEA.

For further information, please contact: VP IR and Communication, Anca Jalba,
+47 410 87 988

About OKEA

OKEA ASA is a leading mid- to late-life operator on the Norwegian continental
shelf (NCS). OKEA finds value where others divest and has an ambitious strategy
built on growth, value creation and capital discipline.

OKEA is listed on the Oslo Stock Exchange (OSE: OKEA).

More information at www.okea.no

Kilde

Freddys · desember 29, 2023, 2:27pm

Holy fuck, regnet med det ville komme en mld i dag grunnet skattemessige årsaker, å solgte meg helt ut på 30.62.

Spørsmålet er om man burde gå all inn, å putte denne i skuffen, om kursen går under EDIT :: kr xx.- fritt fall atm

zappa66 · desember 29, 2023, 2:27pm

Nedskrivning på opp mot halve MCAP, og ingen utbytter
Bør langt ned