OKEA ASA – Company update

OKEA ASA – Company update

OKEA's CEO, Erik Haugane, will present the company’s current status and growth strategy at the 27th Pareto Energy Conference today.

We have an optimistic outlook and are increasing our activity level. We foresee a sound organic growth in our production exceeding 25 000 boe/d by 2025 within our existing portfolio and target to deliver this growth without the need to raise further equity. We also maintain our opportunistic view on M&A” says CEO Erik Haugane.

The presentation is attached.

 

For further info please contact:

CEO, Erik Haugane, +47 907 21 655

CFO, Birte Norheim, +47 952 93 321

VP IR, Ståle Myhre, +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 ~20 000 boe/d. 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



OKEA ASA - Corporate presentation September 2020.pdf