Okea Småprat

TekBot · november 23, 2020, 7:01am

OKEA ASA appoints Trond Omdal as VP Investor Relations

OKEA ASA appoints Trond Omdal as VP Investor Relations

OKEA ASA has appointed Trond Omdal as new VP Investor Relations. Mr Omdal has
…

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extensive experience from equity research and petroleum market analysis,
management consulting and investment banking. He most recently worked as
portfolio manager for a specialised global energy mandate for Pensum Asset
Management. Mr Omdal also has extensive experience from the petroleum industry
from various commercial and planning roles for ConocoPhillips and Equinor.

“We are very pleased to get Trond Omdal to join the OKEA team”, says CEO Erik
Haugane in a comment. He continues, “we believe Mr Omdal’s wide-ranged
experience from the petroleum industry and from various capacities in financial
markets will strengthen the Company’s Investor Relations capacity further”.

Mr. Omdal will commence his role on 1. January 2021 and will be reporting to
CFO, Birte Norheim. Current VP Investor Relations, Ståle Myhre, will transfer
into a new position managing internal business improvement and strategic
contractor relations, reporting to SVP Business Performance, Dag Eggan.

For further info please contact:

CEO, Erik Haugane, +47 907 21 655

CFO, Birte Norheim, +47 952 93 321

About OKEA

OKEA ASA is an independent Exploration and Production (E&P) company and operator
on the NCS with a current production of ~15000 boepd. 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

Kilde

TekBot · desember 18, 2020, 6:31am

OKEA ASA - Acquisition of Vette discovery from Repsol

OKEA ASA - Acquisition of Vette discovery from Repsol

Trondheim, 18 December 2020 - OKEA ASA (“OKEA” or the “Company”) is pleased to
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announce that the Company has signed a Sales and Purchase Agreement (SPA) with
Repsol Norge AS (“Repsol”) for the acquisition of Repsol’s 40% operated working
interest in PL 972, which includes the Vette oil discovery, with effective date
1 January 2021.

The Vette discovery (Block 17/12) is located at a water depth of about 110
metres in the south-eastern part of the North Sea. OKEA estimates that the
recoverable volumes are in the range of 30-50 mmboe. ONE-Dyas Norge AS and M
Vest Energy AS each hold a 30% working interest in the licence which also
includes the Mackerel and Brisling discoveries.

OKEA will pursue a cost-efficient development of Vette with a concept applicable
for production from small discoveries. OKEA has been working with the Grevling
field development plan during the last years. Vette has a similar size as
Grevling, and the two fields may jointly constitute a coordinated serial
development enabling a satisfactory breakeven cost for both fields.

“We view Vette as the most likely candidate for a profitable small field
standalone development on the NCS which can benefit a common infrastructure with
similar size fields, like Grevling. Through this transaction, we continue to
increase and diversify our portfolio with the key ambition to develop sub-100
mmboe fields on the NCS”, says Mr Erik Haugane, CEO of OKEA.

The transaction is subject to approval from both the licence partners and the
Ministry of Petroleum and Energy.
For further information, please contact:

Erik Haugane, CEO, +47?907 21 655

Ståle Myhre, VP Investor Relations, +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 15 000 boepd. 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 (https://eur01.safelinks.protection.outlook.com/?url=http%3A%2F%2F
www.okea.no%2F&data=04%7C01%7Cerik.haugane%40okea.no%7C49b9071d4cbf4dbec3fb08d89b
78e530%7Cf4d0f33e32cb4b0caafe6e0cefbc9ea9%7C0%7C0%7C637430290822129084%7CUnknown%
7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%
7C1000&sdata=3OOWe5BjHiHWcA%2FyiY4nuIp%2Bo4%2B2mwyT%2Bt5U7er43Y4%3D&reserved=0)

Kilde

TekBot · januar 4, 2021, 7:01am

OKEA ASA - Yme New Development project update

OKEA ASA - Yme New Development project update

Trondheim, 4 January 2020 - OKEA ASA (“OKEA” or the “Company”) is pleased to
…

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announce that the onshore work on the production unit for the Yme field - the
Mærsk Inspirer jack-up rig - has been completed and the rig has been safely
installed at the Yme field. Following sail away from the Aker Egersund yard
Mærsk Inspirer reached its targeted position at the Yme field in the evening of
31 December 2020.

The jack up process has been completed and Yme New Development project is now
moving into the phase for hook-up, commissioning and preparation for production
startup. Expected production start in 2021 remains unchanged and well within
reach.

Okea holds a 15% working interest in the Yme field which is expected to add
production of 7,500 boepd net to OKEA at plateau, and 4,900 boepd net to OKEA on
average over the first year.

“This event represents a major milestone for the Yme New Development project and
provides comfort to the targeted production start. Together with other ongoing
projects, production from Yme will secure OKEA’s production growth in the years
to come”, says Mr Erik Haugane, CEO of OKEA.

For further information, please contact:

Erik Haugane, CEO, +47?907 21 655

Knut Gjertsen, SVP Projects and Technology, +47 911 24 571

About OKEA

OKEA ASA is an independent Exploration and Production (E&P) company and operator
on the NCS with a current production of 15 000 boepd. 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 (https://eur01.safelinks.protection.outlook.com/?url=http%3A%2F%2F
www.okea.no%2F&data=04%7C01%7Cerik.haugane%40okea.no%7C49b9071d4cbf4dbec3fb08d89b
78e530%7Cf4d0f33e32cb4b0caafe6e0cefbc9ea9%7C0%7C0%7C637430290822129084%7CUnknown%
7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%
7C1000&sdata=3OOWe5BjHiHWcA%2FyiY4nuIp%2Bo4%2B2mwyT%2Bt5U7er43Y4%3D&reserved=0)

Kilde

TekBot · januar 6, 2021, 2:25pm

Primary insider in OKEA ASA has bought shares in OKEA

TekBot · januar 7, 2021, 7:09am

Mandatory notification of trade

TekBot · januar 7, 2021, 3:39pm

Primary insider in OKEA ASA has bought shares in OKEA

TekBot · januar 12, 2021, 3:34pm

Primary insider in OKEA ASA has bought shares in OKEA

TekBot · januar 15, 2021, 3:17pm

Primary insider in OKEA ASA has bought shares in OKEA

TekBot · januar 19, 2021, 8:34am

OKEA portfolio expands through six licence awards in APA 2020

OKEA portfolio expands through six licence awards in APA 2020

Trondheim, 19 January 2020 - OKEA ASA (“OKEA” or the “Company”) is pleased to
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announce that the Company has been awarded six new production licences on the
Norwegian Continental Shelf by the Ministry of Petroleum and Energy under the
Award in Pre-Defined Areas (APA) for 2020. The awarded licences include
exploration and field development opportunities near the important Draugen and
Gjøa production hubs as well as other new areas.

OKEA will be the operator for four of the licences and a partner with operators
DNO and Wintershall Dea in the remaining two.

In the Norwegian Sea the new licences include, among others, the Falk, Cortina
and Spinell Sør discoveries where opportunities for further exploration and
field development have been identified, some of which are close to the OKEA
-operated Draugen field. In the northern North Sea, the new production licence
(PL1108) lies between the producing Gjøa field, where OKEA is a partner, and the
OKEA-operated Aurora discovery.

‘‘We are very pleased with these awards which further strengthen OKEA’s growing
portfolio of exploration and field development opportunities, also in areas new
for us’’, comments Andrew McCann, SVP Subsurface & Wells in OKEA. ‘‘We are
especially satisfied this year to have built and entered into strong
partnerships with skilled and resourceful companies and we look forward to
developing value of these areas together with them.’’

Two of the licences have a work programme leading to a drill or drop decision in
early 2022. The others have a two-year initial work programme.

Licence Block(s) Operator Other partners OKEA WI
PL1125 6608/10,1 OKEA ASA Lime Petroleum AS 50%
1
PL1119 6406/2,3, OKEA ASA Equinor Energy ASPandion Energy AS 40%
5,6
PL1117 6406/6, OKEA ASA Vår Energi ASONE-Dyas Norge AS 50%
6407/4
PL1116 6407/5,6 OKEA ASA M Vest Energy AS 60%
PL1115 6407/5,8 Wintershall - 40%
Dea Norge AS
PL1108 35/9 DNO Norge AS Pandion Energy AS 30%

For more information please contact:

Andrew McCann, SVP Subsurface & Wells, + 47 415 07 726

Trond Omdal, VP Investor Relations, +47 915 32 578

About OKEA

OKEA ASA is an independent Exploration and Production (E&P) company and operator
on the NCS with a current production of 15 000 boepd. 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 (https://eur01.safelinks.protection.outlook.com/?url=http%3A%2F%2F
www.okea.no%2F&data=04%7C01%7Cerik.haugane%40okea.no%7C49b9071d4cbf4dbec3fb08d89b
78e530%7Cf4d0f33e32cb4b0caafe6e0cefbc9ea9%7C0%7C0%7C637430290822129084%7CUnknown%
7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%
7C1000&sdata=3OOWe5BjHiHWcA%2FyiY4nuIp%2Bo4%2B2mwyT%2Bt5U7er43Y4%3D&reserved=0)

Kilde

TekBot · januar 28, 2021, 7:57am

OKEA ASA - Invitation to presentation of fourth quarter results 2020

TekBot · februar 5, 2021, 6:02am

OKEA delivered net profit of NOK 182 million in the fourth quarter 2020

OKEA delivered net profit of NOK 182 million in the fourth quarter 2020

OKEA operating income for the fourth quarter amounted to NOK 584 million, EBITDA
…

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was NOK 229 million, and net profit after tax amounted to NOK 182 million.
Earnings per share amounted to NOK 1.78.

The solid results for the quarter were largely driven by high volumes sold in a
recovering petroleum market, an impairment reversal on Yme, and unrealised
currency gains.

Reliability was as high as 99% both at Gjøa and Draugen, and production was
16,171 boepd. Sold volumes were 18,794 boepd and the average realised price for
liquids was USD 39 per boe and realised gas price was USD 0.19 per scm.

The successful installation of Mærsk Inspirer at the Yme field on New Year’s Eve
has significantly de-risked the timeline towards production start-up. In
addition to an improved market outlook, this resulted in a reversal of
impairments on the Yme asset amounting to NOK 117 million in the fourth quarter.

Finance income for the quarter amounted to NOK 243 million and was mainly a
result of an unrealised currency gain on the USD nominated bond loans as NOK
strengthened by 10% against USD during the quarter.

Interest-bearing loans and borrowings amounted to NOK 2,400 million and cash and
cash equivalents amounted to NOK 871 million.

OKEA’s CEO, Erik Haugane, stated “I am very pleased with the strong operational
and financial results in the fourth quarter. The solid performance at both
Draugen and Gjøa throughout the year resulted in produced volumes above 16,000
boe per day for both the fourth quarter and on average for the year. Following
an extraordinary year, the petroleum market is in recovery, and the Vette
acquisition and attractive APA 2020 awards have resulted in a significant
expansion of our portfolio. We have several important milestones ahead, and I
believe that 2021 will be an exciting year for OKEA.”

There will be a webcast and audioconference starting today 10:00 CET where the
fourth quarter results will be presented. The presentation will be held by Erik
Haugane (CEO) and Birte Norheim (CFO).

The webcast can be followed at
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details for the audioconference:

Norway: + 47 2100 2610

UK: +44 (0)330 336 9125
PIN Code: 2339352

For further information please contact:

CEO, Erik Haugane, +47 907 21 655

CFO, Birte Norheim, +47 952 93 321

VP IR, Trond Omdal, +47 915 32 578

About OKEA

OKEA ASA is an independent Exploration and Production (E&P) company and operator
on the NCS with a current production of ~16000 boepd. 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 (Error during processing.
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Kilde

Igjr · februar 5, 2021, 7:12am

Noen tanker om hvor denne skal i dag? God inntjening i Q4 selv om året sett under et ikke var like bra som 2019, men aksjekursen er også betydelig lavere en hva det var for et år siden også.

Jeg tenker at OKEA kommer til i tjene gode penger på sin drift med oljepris på dagens nivå.

TekBot · februar 5, 2021, 9:58am

Primary insider in OKEA ASA has bought shares in OKEA

TekBot · februar 5, 2021, 12:55pm

Primærinnsider handler aksjer i OKEA ASA

TekBot · februar 9, 2021, 7:00am

Primary insider in OKEA ASA has bought shares in OKEA

TekBot · februar 9, 2021, 7:54am

OKEA appoints Svein J. Liknes as new CEO

Trondheim 09.02.2020

The Board of Directors of OKEA has appointed Svein J. Liknes as new CEO of
…

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OKEA.?The founder and current CEO of OKEA, Erik Haugane (68), has been in
discussion with the Board about his succession for some time as Erik will retire
from the CEO position in OKEA later this year.

Svein J. Liknes (born 1972) will join OKEA on 1 June and comes from Aker BP
where he holds the role as VP Special Projects & Due
Diligence. He previously served in Aker Energy both as acting CEO and Head of
Operations. Liknes also has experience as SVP Operations & Asset Development in
Aker BP where he headed the Skarv Asset since 2016. Mr. Liknes has also held a
similar role for the Alvheim Asset for Aker BP (then Det norske) and has broad
experience with production units, from both projects and operations, in Asia and
Great Britain. Mr. Liknes has background from the Norwegian Armed Forces
and studied Nautical Science at the University of Stavanger and the Western
Norway University of Applied Sciences.

The Chairman of the Board of Directors and CEO of Bangchak Corporation,
Chaiwat Kovavisarach, made the following comments: "With a?growing portfolio of
quality assets, together with an experienced and effective?management team, OKEA
is very well positioned for growth on the NCS. Erik Haugane has led OKEA really
well over the past 6 years and has delivered some great successes in market
conditions which have at times been challenging. Erik will now hand over the
leadership of the Company to?Svein?J. Liknes, who?will bring his extensive
experience into the management team. On behalf of the Board, I would like to
welcome Svein to OKEA and look forward to working closely with him as we
continue to build on the solid platform which Erik has created.?I would also
like to thank Erik for his solid leadership since the Company’s foundation
and am pleased that he will continue to be associated with the Company as
adviser to the?Board ",?says Chaiwat?Kovavisarach.

“As founder, investor and existing CEO, I am very pleased that Svein is taking
on this job,” says Erik Haugane. “A good foundation and a sound strategy for
growth has been established, and I am confident that Svein together with the
management team will continue the journey and add significant value to the
society and shareholders going forward.”

Contact:

Finn Haugan, Board member; +47 90041002

Erik Haugane, CEO; +47 90721655

Trond Omdal, VP Investor Relation; +47 91532578

About OKEA

OKEA ASA is an independent Exploration and Production (E&P) company and operator
on the NCS with a current production of ~16000 boepd. 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
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Kilde

TekBot · februar 10, 2021, 9:55am

Primary insider in OKEA ASA has bought shares in OKEA

TekBot · februar 10, 2021, 11:17am

Financial calendar

TekBot · februar 16, 2021, 7:20am

Notification of trade and disclosure of major shareholding

TekBot · februar 16, 2021, 12:08pm