Okea Småprat

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OKEA ASA - Opportunity to follow Annual General Meeting 2021 via video link

With reference to April 9 announcement the Annual General Meeting of OKEA ASA
(the “Company”) will be held on Monday May 3 2021 at 08.00 a.m. (CET) at the
Company’s offices in Kongens gate 8, Trondheim, Norway. Due to the outbreak of
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the corona virus Covid-19 shareholders were in the April 9 notice encouraged to
abstain from appearing in person at the general meeting, but rather participate
by means by granting a proxy. Shareholders not already enrolled by the April 28
registration deadline may be denied attendance due to health and safety
considerations. Shareholders can instead follow the Annual General Meeting via
this video link, but without the opportunity to vote.

Join conversation (microsoft.com) (https://teams.microsoft.com/l/meetup
-join/19%3ameeting_YTdkYWUyNWYtYWJmNS00YjEzLTgyNjMtYjFmNjFiZTNlYTk3%40thread.v2/0
?context=%7b%22Tid%22%3a%22f4d0f33e-32cb-4b0c-aafe
-6e0cefbc9ea9%22%2c%22Oid%22%3a%22f3352422-9843-4d8f-9fa9-c73ec0ef76da%22%7d)

All documents to be processed at the Annual General Meeting is available at
www.okea.no.

Contact persons:

Marit Moen Vik-Langlie, VP Legal, +47 407 63 671

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

About OKEA ASA

OKEA ASA is an independent Exploration and Production (E&P) company and operator
on the NCS with a current production of ~16,000 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

Kilde

[TekBot]

OKEA ASA - Minutes of Annual General Meeting

On 3 May 2021 at 0800 CET, OKEA ASA (‘Company’), held an Annual General Meeting
at the Company’s offices in Kongens gate 8, Trondheim.
All items on the agenda were resolved in accordance with the Board of Directors’
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proposals, including the proposal to grant the Board authorisation to increase
the share capital by a maximum amount of NOK 1 030 054 in one or more share
capital increases through issuance of new shares.
At the General Meeting Rune Olav Pedersen, Nicola Gordon and Finn Haugan were
reelected to the Board. Grethe Moen and Saowapap Sumeksri were elected as new
members of the Board.
Please find enclosed the minutes from the general meeting.

For further information, please contact:

Marit Moen Vik-Langlie, VP Legal, +47 407 63 671

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

About OKEA

OKEA ASA is an Exploration and Production (E&P) company and operator on the
Norwegian Continental Shelf with production of ~16,000 boe per day. The company
aims to grow through low-cost field developments of discoveries with reserves up
to 100 million boe and mergers and acquisitions (M&A). The operating
organisation is built on the acquisition of the producing field Draugen in 2018.

OKEA ASA is listed on Oslo Stock Exchange under the ticker “OKEA”.

More information on www.okea.no

Kilde

[TekBot]

OKEA delivered net profit of NOK 23 million in the first quarter of 2021

Operating income for the first quarter amounted to NOK 524 million, EBITDA was
NOK 240 million, and net profit after tax was NOK 23 million. Earnings per share
amounted to NOK 0.22. OKEA’s cash position increased by NOK 107 million to NOK
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978 million. Interest-bearing debt amounted to NOK 2,402 million.

Production increased by 400 boepd in the quarter to 16,557 boepd due
to production start from the two P1 wells at Gjøa in February and high
reliability and availability at the Draugen and Gjøa fields. Sold volumes were
15,198 boepd. The average realised price for liquids was USD 49.5 per boe and
average realised gas price was USD 0.24 per scm.

The Yme project is currently in the hook-up and commissioning phase with planned
production start in the second half of 2021. Yme is expected to add production
of 7,500 boepd net to OKEA at plateau, and 4,900 boepd net to OKEA on average
the first production year.

OKEA’s CEO, Erik Haugane, stated “I am very pleased with the strong operational
results and the positive cash flow development. The solid performance at both
Draugen and Gjøa has continued in the first quarter and the petroleum market has
strengthened further. The positive market development together with the
additional volumes from the Yme field, is expected to generate a strong cash
flow going forward. I am pleased to hand over to the new OKEA CEO Svein Liknes a
company which is well positioned for profitable growth in the coming years.”

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

The webcast can be followed at www.okea.no.

Dial in details for the audioconference:
Norway: + 47 2195 6342
UK: +44 203 769 6819
PIN Code: 681934
Contact persons:
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 Exploration and Production (E&P) company and operator on the
Norwegian Continental Shelf with production of ~16,000 boe per day. The company
aims to grow through low-cost field developments of discoveries with reserves up
to 100 million boe and mergers and acquisitions (M&A). The operating
organisation is built on the acquisition of the producing field Draugen in 2018.
OKEA ASA is listed on Oslo Stock Exchange under the ticker “OKEA”.
More information on www.okea.no

Kilde

[TekBot]

Mandatory notification of trade

Kørven AS has bought 60 000 shares in OKA ASÀ at an average price of NOK
14.00. Kørven AS holds after this transaction 1 230 344 shares in OKEA ASA. CEO
in OKEA, Erik Haugane, holds 67% of the shares in Kørven AS. Erik Haugane also
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holds 229,000 shares in OKEA ASA.

Kilde

[TekBot]

OKEA signs rig frame agreement with COSL Drilling Europe

OKEA ASA has awarded a four-year frame contract to COSL Drilling Europe AS for
the use of COSL’s energy-efficient drilling units on the Norwegian Continental
Shelf (NCS).
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As part of the agreement, COSL Drilling Europe (COSL) will be the exclusive
provider of semi-submersible drilling rigs for OKEA’s NCS operations, with
flexibility in terms of which of COSL’s identical and energy-efficient rigs are
to be used. The agreement has four one-year extension options giving a potential
total contract length of eight years.

‘OKEA expects to take a number of drill decisions in the coming months and this
frame agreement secures the options we and our licence partners need for
efficient and cost-effective rigs for both development and exploration drilling
in the coming years. We are very pleased to have entered into this frame
agreement with COSL, which provides the flexibility and predictability we need
at attractive rig rates’, comments Erik Haugane, CEO of OKEA.

‘We are happy to announce this agreement for providing drilling services for
OKEA on the NCS. This joint partnership will set a new industry standard when it
comes to low-emission and efficient drilling operations. We are excited in how
the operator with this agreement demonstrates confidence in our employees, our
rigs and our organization to deliver efficient and high-end drilling
performance’, says Frank Tollefsen, CEO of COSL Drilling Europe.

The first well commitment to utilise this agreement is expected to be in
conjunction with the Final Investment Decision on the Hasselmus project, a gas
tie-in to the Draugen field.

Contact persons:

Erik Haugane, CEO, +47 907 21 655

Trond Omdal, VP IR, +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 ~16,000 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”

About COSL Drilling Europe

· Established in 2005, and has its head office located in Stavanger, Norway
· Operates four modern drilling units: COSLPioneer, COSLInnovator,
COSLPromoter and COSLProspector
· Has a solid owner in China Oilfield Services Limited, listed at the Shanghai
Stock Exchange, with ambitions to strengthen its foothold in the North Sea

Kilde

[TekBot]

Dry exploration well on the Ilder prospect (PL973) operated by Chrysaor

Reference is made to OKEA press releases of 18[th] February and 23[rd] March.

Drilling operations on the Ilder exploration well 15/12-26, operated by Chrysaor
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Norge AS, are now being concluded.

The well is characterised as a dry well and will now be plugged and abandoned.

More information on the final well result will be published by the Norwegian
Petroleum Directorate in due course.

Chrysaor Norge AS (operator) holds 50% WI, OKEA ASA 30% and Petoro AS 20% in the
PL973 licence.

For further 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 ~16,000 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
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This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to disclosure requirements pursuant to
Section 5-12 of the Norwegian Securities Trading Act.

The stock exchange announcement was published by Trond Omdal, VP Investor
Relations, OKEA ASA.

Kilde

[TekBot]

Mandatory notification of trade

Tor Bjerkestrand has 10.05.2021 purchased 242 shares in OKEA at an average price
of NOK 14.00. The shares have been purchased in connection with OKEA’s approved
annual incentive scheme. Tor Bjerkestrand holds after this transaction a total
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of 138 604 shares in OKEA

Kilde

[TekBot]

Primary insider in OKEA ASA has bought shares in OKEA

Primary insider in OKEA ASA has bought shares in OKEA

Knut Gjertsen has 11.5.2021 purchased 1,000 shares in OKEA at an average price
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of NOK 13.30. The shares have been purchased in connection with OKEA’s approved
annual incentive scheme. Knut Gjertsen holds after this transaction a total of
132,000 shares in OKEA.

Kilde

[TekBot]

Mandatory notification of trade

Reference is made to the stock exchange announcement March 12,[ ]2021 when OKEA
Holdings Ltd., closely related party to Board member in OKEA ASA Paul Murray,
entered into an option agreement related to the sale of options to acquire
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274,120 common shares of OKEA ASA to an unrelated financial investor.

The option agreement has today been exercised at an average price of NOK 13.77
per share. Following this transaction, OKEA Holdings Ltd. holds a total of
19,372,993 shares in OKEA ASA.

Reference is made to the attached document for further details of the
transaction.

This information is subject to the disclosure requirements in Regulation EU
596/2014 article 19 number 3 and the Norwegian Securities Trading Act § 5-12.

The stock exchange announcement was published by Trond Omdal, VP Investor
Relations, OKEA ASA.

Kilde

[TekBot]

OKEA expects significant operational synergies and positive cash flow effects following reorganisation of operations at the Yme field

Repsol Norge AS (“Repsol”), as operator of the Yme licence, has on behalf of the
license entered into agreements to take over day-to-day operations of the jack
-up rig Mærsk Inspirer from Maersk Drilling (“MD”). According to the agreements,
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MD will sell Mærsk Inspirer to Havila Sirius AS (“Havila”) and the Yme licensees
will lease the rig from Havila under a bareboat charter whereby the Yme licence
will take ownership of the rig at the end of the lease period. The
reorganisation of operations is expected to enable operational synergies and
significant positive cash flow effects for the Yme licence partners.

‘As partner in the Yme licence, OKEA expects that the transaction will realize
significant operational synergies as well as positive effects on corporate cash
flow’, says Knut Gjertsen, SVP Projects and Technology in OKEA. ‘We look forward
to getting Yme in production in the second half of this year and believe that
this structure will support an efficient start-up of the production from the
field’.

The transaction is subject to certain conditions being satisfied, including
relevant authorities’ approval.

Facts about the Yme New Development Project and Mærsk Inspirer

Repsol (55% WI) is the operator of the Yme field and partners are Lotos
Exploration and Production Norge AS (20% WI), KUFPEC Norway AS (10% WI) and OKEA
ASA (15% WI).

The Yme field was discovered in 1987 located in Block 9/2 and 9/5 in the
Egersund Basin in the Southern North Sea, approximately 100 km from the
Norwegian coastline. The Yme New Development Project consists of the
engineering, procurement, construction and installation of a new wellhead module
on top of existing facilities at the Yme field, the modifications and upgrading
of the Maersk Inspirer and subsequent hook-up of the unit to existing wells and
seabed installations offshore.

The Mærsk Inspirer was delivered in 2004, and following an initial drilling
campaign in UK, the rig was converted to a Mobile Offshore Drilling and
Production Unit to provide simultaneous drilling and production service on the
Volve field offshore Norway for Equinor in the period from 2007 to 2017. From
late autumn 2018 until 29 December 2020, Mærsk Inspirer was at the Aker
Solutions’ yard in Egersund for upgrading and modifications work. Mærsk Inspirer
was successfully installed at the Yme field on 31 December 2020.

Contact persons:

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

Birte Norheim, CFO, +47 952 93 321

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 Norwegian Continental Shelf with a current production around 16,000
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 at okea.no

Kilde

[TekBot]

Decision to develop the Hasselmus gas discovery

Draugen operator OKEA ASA and partners Petoro AS and Neptune Energy Norge AS
have made the decision to develop the Hasselmus gas discovery. Hasselmus will
be the first tie-back to the Draugen production platform and will add in excess
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of 4,000 barrels of oil equivalents per day to the production.

The Hasselmus project is expected to recover approximately 1.65 GSm[3] (10.6
million barrels of oil equivalents) as fuel and export gas and will also make
possible the restart of export of associated gas including NGL which is
currently being injected into the reservoir.

The development concept is a single subsea well with direct tie-back to the
Draugen platform. Production start-up is planned in Q4 2023 with plateau gas
production of more than 4,400 barrels of oil equivalents per day gross. The
breakeven price for the Hasselmus project is estimated to around USD 28/boe or
85 øre/Sm[3]. Expected total investment cost for the project is NOK 2.4 billion
gross. OKEA’s guiding on capital expenditure for 2021 of NOK 600-700 million
remains unchanged following this decision.

‘The Hasselmus project is the first field development project for OKEA as
operator. Based on the single well subsea development solution with tie-back to
the Draugen platform it is also a financially robust project’, says Knut
Gjertsen, SVP Projects and Technology in OKEA. ‘The temporary tax measures
adopted by Parliament in June last year, have ensured a timely development of
Hasselmus during a period of significant market volatility.’

‘I am very pleased on my first day as CEO of OKEA to be able to announce that
the Draugen licence has committed to developing the Hasselmus gas discovery,’
says new CEO Svein J. Liknes. '‘The project is important for the long-term
development of Draugen and demonstrates our ability to deliver on organic growth
opportunities.’

The Hasselmus discovery and the Draugen licence
The Hasselmus gas discovery is located on the western edge of the Trøndelag
platform in the Norwegian Sea, 7 km northwest of the Draugen platform, in
production licence 093. A single well (6407/9-9 T2) was drilled on the Hasselmus
structure by A/S Norske Shell in 1999 which encountered a 16 meters gas column
and a 6.8 meters oil column in high quality sands at a depth of 1,700 meters.

OKEA ASA (44.56% WI) is the operator of the Draugen licence and the Hasselmus
project. Partners are Petoro AS (47.88% WI) and Neptune Energy Norge AS (7.56%
WI).

Contact persons:

Svein J.Liknes, CEO, +47 917 67 704

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

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 Norwegian Continental Shelf with a current production around 16,000
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
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Kilde

[TekBot]

Mandatory notification of trade

OKEA Holdings Ltd., closely related party to Board member in OKEA ASA Paul
Murray, have 02.06.2021 sold 300,000 shares of OKEA ASA at an average price of
NOK 13.60.
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Following this transaction, OKEA Holdings Ltd. holds a total of 19,072,993
shares in OKEA ASA.

Reference is made to the attached document for further details of the
transaction.

This information is subject to the disclosure requirements in Regulation EU
596/2014 article 19 number 3 and the Norwegian Securities Trading Act § 5-12.

The stock exchange announcement was published by Trond Omdal, VP Investor
Relations, OKEA ASA.

Kilde

[TekBot]

OKEA ASA - Occurrence of Put Option Event

Trondheim 5 July 2021 - OKEA ASA has informed Nordic Trustee AS that an
Extraordinary Put Event (the occurrence of 30 June 2021) and consequently also
a Put Option Event has occurred (both terms as defined in the relevant bond
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terms) under the bond issues OKEA02 (with ISIN NO 0010826852) and OKEA03 (with
ISIN NO 0010869175), ref. Clause 10.3 of the relevant bond terms.The notices to
the bondholders from Nordic Trustee AS are attached.

For further info please contact:

Birte Norheim, CFO, + 47 952 93 321

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 Norwegian Continental Shelf with a current production around 16,000
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 (Error during processing.
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Kilde

[TekBot]

OKEA ASA - Invitation to presentation of second quarter results 2021

OKEA ASA will release its second quarter results on Wednesday 14 July at 07:00
CET.

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A presentation of the results will be held on 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
or https://channel.royalcast.com/landingpage/hegnarmedia/20210714_1/ (https://eur
01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fchannel.royalcast.com%2Fla
ndingpage%2Fhegnarmedia%2F20210714_1%2F&data=04%7C01%7Ctrond.omdal%40okea.no%7C4c
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Y%3D&reserved=0)

Dial in details for the audioconference:

Norway: +47 2195 6342

UK: +44 203 769 6819

PIN Code: 681934

Contact Person

Trond Omdal, VP Investor Relations, +47 915 32 578, trond.omdal@okea.no

Kilde

[TekBot]

OKEA delivered net profit of NOK 200 million in the second quarter of 2021

Operating income for the second quarter of 2021 amounted to NOK 607 million.
EBITDA was NOK 311 million, and net profit after tax was NOK 200 million.
Reversal of previous impairments relating to the Yme New Development project
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amounted to NOK 730 million. Previous impairments on Yme are subsequently fully
reversed due to expected synergies from reorganising operations and ownership of
Maersk Inspirer combined with significantly improved macro conditions.
Production was 13,210 boepd in the quarter. The decrease compared to previous
quarter was mainly due to 31 days of planned maintenance at Gjøa in April/May.
Gjøa will be compensated for the deferred volumes related to tie-in work on Duva
and Nova from initial production from the two fields. Production reliability at
Draugen and Gjøa remained high, and there were no serious safety incidents in
the quarter. Sold volumes were 13,048 boepd and the average realised price for
liquids was USD 63.8 per boe and average realised gas price was USD 0.32 per
scm.
For the first half of 2021 total operating income amounted to NOK 1,131 million,
EBITDA was NOK 551 million and net profit after tax was NOK 223 million. In the
first half of 2021 OKEA’s cash position increased by NOK 475 million to NOK
1,346 million. Net interest-bearing debt at the end of H1 2021 was NOK 1,070
million.
Guiding for 2021 remains unchanged. Production guiding for 2021 is 15,500-16,500
boepd and production outlook for 2022 is 17,000-18,000 boepd. Capex guiding for
2021 of NOK 600-700 million includes planned investments on the Hasselmus
project for the year. The Yme New Development project is currently in
the final hook-up and commissioning phase with expected production start in the
second half of 2021.
OKEA CEO, Svein J. Liknes, stated “I am very pleased with the solid operational
and financial results in the second quarter. Production reliability at Draugen
and Gjøa remains high and without any serious safety incidents. Oil and gas
prices have continued to strengthen, and the start-up of Yme in the second half
of the year is expected to further strengthen OKEA’s production and cash flow.”
There will be a webcast and audioconference starting today 10:00 CET where the
second quarter results will be presented. The presentation will be held by Svein
J. Liknes (CEO) and Birte Norheim (CFO).
The webcast can be followed
at https://channel.royalcast.com/landingpage/hegnarmedia/20210714_1/ (https://eur
01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fchannel.royalcast.com%2Fla
ndingpage%2Fhegnarmedia%2F20210714_1%2F&data=04%7C01%7Ctrond.omdal%40okea.no%7C47
cb5b86389f4f2ed18a08d94605e9b6%7Cf4d0f33e32cb4b0caafe6e0cefbc9ea9%7C0%7C0%7C63761
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M%3D&reserved=0)
Dial in details for the audioconference:
Norway: + 47 2195 6342
UK: +44 203 769 6819
PIN Code: 681934
Contact persons:
CEO, Svein J. Liknes, +47 917 67 704
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 Norwegian Continental Shelf with a current production around 16,000
boepd. OKEA targets profitable production growth within the current portfolio
combined with an opportunistic approach to M&A.
OKEA ASA is listed on Oslo Stock Exchange under the ticker “OKEA”.
More information
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C1000&sdata=h4HH3eBtfO1wDnEv5yJ53cRnv8CbeLDTAUtVFb2GXA4%3D&reserved=0).

Kilde

[Fartin]

Dette må vel være tidenes røverkjøp i oljesektoren? De leverer slike overskudd og er verdt 1,550 milliarder? Det kan virke som om dette vil øke.

first half of 2021 OKEA’s cash position increased by NOK 475 million to NOK

1,346 million. Net interest-bearing debt at the end of H1 2021 was NOK 1,070

Dvs 346 millioner i cash om de kvitter seg med all gjeld.

Kan noen forklare meg hvordan dette ikke er en kjempe investering. Eneste jeg kan komme på er oljepris smell eller store yme problemer.

[TekBot]

OKEA ASA - Put option period ended

Trondheim 5 August 2021 - Reference is made to announcement made on 5 July 2021
regarding the occurrence of a Put Option Event (as defined in the bond terms of
OKEA02 (ISIN NO 001 0826852) and OKEA03 (ISIN NO 001 0869175). The exercise
…

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period expired on 4 August 2021 and OKEA has been notified by the Paying Agent
that no Bondholder has exercised the Put Option.

For further info please contact:

Birte Norheim, CFO, + 47 952 93 321

About OKEA

OKEA ASA is an independent Exploration and Production (E&P) company and operator
on the Norwegian Continental Shelf with a current production around 16,000
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 (Error during processing.
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00&sdata=bev4VURdhcv3lLnkLKmdIB%2BAHSmuHszWqVNrWQu1rf0%3D&reserved=0)

Kilde

[TekBot]

OKEA ASA - Presentation at Sparebank 1 Markets gas market webinar

OKEA ASA CEO, Svein J. Liknes, will give a presentation today on 8 September
2021 at the gas market webinar hosted by Sparebank 1 Markets.>
The presentation is attached to this notification and is also available at
…

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OKEA`s web
site www.okea.no (Error during processing.
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%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D
%7C1000&sdata=pktyUY1pW1IYcJXJRvImBR4j0%2Fyw2sUwcPjzwkQp%2BJ4%3D&reserved=0).

Contact person:
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 Norwegian Continental Shelf with a current production around 16,000
boepd. OKEA targets profitable production growth within the current portfolio
combined with an opportunistic approach to M&A.
OKEA ASA is listed on Oslo Stock Exchange under the ticker “OKEA”.
More information
on www.okea.no (Error during processing.
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C1000&sdata=pktyUY1pW1IYcJXJRvImBR4j0%2Fyw2sUwcPjzwkQp%2BJ4%3D&reserved=0).

Kilde

[TekBot]

OKEA ASA: Initiation of quarterly operational updates - Q3 2021 operational income expected in the range of NOK 1 billion

(Oslo, 15 September 2021) OKEA ASA (OKEA, OSE:OKEA) today announces the
initiation of quarterly operational updates from 15 October 2021. Following
solid operational performance and high realized oil and gas prices, the company
…

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expects the third quarter 2021 total operational income in the range of NOK 1
billion.

“OKEA continues to deliver strong operational results, and with high oil and gas
realized prices we expect a total operating income in the range of NOK 1 billion
in the third quarter, up from NOK 321 million in the third quarter previous
year. The start-up of Yme shortly will further strengthen OKEA’s production and
cash flow, providing a strong platform for further growth and expansion” says
OKEA CEO Svein J. Liknes.

Svein J. Liknes will present OKEA at Pareto Securities’ 28[th] Energy Conference
on 16 September. The presentation material is enclosed and is also available on
OKEA`s web
site www.okea.no (Error during processing.
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OKEA will initiate quarterly operational updates from 15 October 2021, and the
Q3 2021 quarterly report will be announced on Thursday 28 October 2021 at 08:00
CET.

The guidance for 2021 remains unchanged: 15,500-16,500 boepd for 2021 and the
production outlook for 2022 is 17,000-18,000 boepd. The capex guiding for 2021
of NOK 600-700 million includes planned investments on the Hasselmus project for
the year. The Yme New Development project is currently in the final hook-up and
commissioning phase with expected production start in the second half of 2021,
in line with previous guiding.

For further information, please contact:
CEO, Svein J. Liknes, +47 917 67 704
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 Norwegian Continental Shelf with a current production around 16,000
boepd. OKEA targets profitable production growth within the current portfolio
combined with an opportunistic approach to M&A.
OKEA ASA is listed on Oslo Stock Exchange under the ticker “OKEA”.
More information
on www.okea.no (Error during processing.
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C1000&sdata=rsqFUSMDnMYKxhSSMk30%2F3iSMEO5oeyW4qV79lsJzsw%3D&reserved=0).

Kilde

[TekBot]

Renteregulering

Det er fastsatt ny rente for NO0010826852.
Ny rentesats i perioden 28.09.2021 - 29.12.2021 er 6,63225.
Ticker:OKEA02
…

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Den nye rentesats (og rentebindindingsperiode) er fastsatt i henhold til avtale, jf. låneavtalens og tegningsinnbydelsens/lånebeskrivelsens bestemmelser.

Se vedlagt dokument for utfyllende informasjon.

(Publisert av Nordic Trustee, Cecilie Natalie Haug)

Kilde