• 22 Aug 2016

SIGNS DEFINITIVE FARM-OUT AGREEMENT WITH STATOIL

Valeura Energy | VLU | 33.5 -9.7 (-46.4%) | Mkt Cap: 29.0m

    • Darren B. Engels

    • 2 pages

Oil & Gas - E&Ps image


 
Oil & Gas - E&Ps image


Market Impact: Positive. Valeura has signed a definitive farm-out agreement with Statoil for the deeper rights on the Banarli License. The signing of the agreement with significantly reduce the market's perception of deal risk and country risk.


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