Valeura confidently notes that the farm-out agreement with Statoil will be completed by the end of August 2016e. The two companies are advancing the necessary work to facilitate the spudding of the first deep exploration well on the Banarli License by year-end 2016e. Please refer to our report: Valeura Enters into Farm-Out Agreement with Statoil. We have reduced our near-term production outlook. Valeura will take a brief hiatus from shallow conventional drilling on the Banarli License, which
12 Aug 2016
Reports 2Q16 Results and Provides Positive Update Regarding Farm-Out Agreement with Statoil
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Reports 2Q16 Results and Provides Positive Update Regarding Farm-Out Agreement with Statoil
Valeura confidently notes that the farm-out agreement with Statoil will be completed by the end of August 2016e. The two companies are advancing the necessary work to facilitate the spudding of the first deep exploration well on the Banarli License by year-end 2016e. Please refer to our report: Valeura Enters into Farm-Out Agreement with Statoil. We have reduced our near-term production outlook. Valeura will take a brief hiatus from shallow conventional drilling on the Banarli License, which