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ISIN: NO0013009282 - OKEA ASA senior secured callable open bonds issue 2023/2026 OKEA ASA has today officially notified Nordic Trustee AS of its decision to exercise the call option to redeem all outstanding bonds under its senior secured bonds with ISIN NO0013009282, please see attached call notice. Issuer: OKEA ASA ISIN for bond loan: NO0013009282 Original maturity date: 14 September 2026 Record date for the call option: 1 July 2025 New maturity date: 3 July 2025 Redemption price: 104.563% (plus accrued and unpaid interest on the redeemed amount)    This information...

(Trondheim, 12 June, 2025): OKEA ASA (OSE: OKEA) (”OKEA” or the ”Company”) has successfully placed a new USD 175 million senior secured bond issue with a tenor of 4 years. The new bond will carry a fixed interest rate of 9.125% per annum, payable semi-annually in arrears. Net proceeds from the bond issue will be used to call the Company's outstanding USD 125 million senior secured bonds with maturity in September 2026 (ISIN NO 0013009282) in full at the prevailing call price of 104.563% of par and for general corporate purposes. In connection with the bond issue, the Company expects to...

(Trondheim, 10 June, 2025): OKEA ASA (OSE: OKEA) (”OKEA” or the ”Company”) has mandated Arctic Securities AS, DNB Carnegie, a part of DNB Bank ASA, and Pareto Securities AS as Joint Bookrunners to arrange a series of fixed income investor meetings commencing today. A new 4-year senior secured bond with an initial issue amount of USD 175 million may follow, subject to inter alia market conditions. Net proceeds from the contemplated bond issue will be used for the redemption of the Company's existing outstanding USD 125 million senior secured bond with maturity in September 2026 (ISIN NO...

(Trondheim, 13 May 2025) OKEA ASA (OSE: OKEA) On 13 May 2025 at 09.00 OKEA ASA held an annual general meeting as a digital meeting with online participation. All proposals from the board of directors on the agenda provided in the notice of the annual general meeting published on 15 April 2025, were adopted, including the revised proposal from the nomination committee published on 11 May 2025. The minutes of meeting is attached and is also available on https://www.okea.no/investor/general-meetings/. Following the annual general meeting and election of employee representatives to the...

(Trondheim, 11 May 2025) OKEA ASA (OSE: OKEA): Reference is made to the stock exchange notice published on 15 April 2025 regarding the annual general meeting in OKEA ASA to be held on 13 May 2025. The nomination committee has submitted an updated proposal to the annual general meeting, which is attached here and which will also be made available on the company's website www.okea.no. This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act....

(Trondheim, 29 April 2025) - OKEA ASA (OSE: OKEA) delivered operating income of USD 271 (205) and EBITDA of USD 183 (149) million in the first quarter of 2025. Total liquidity amounted to USD 367 (311) million and net cash position was USD 120 (65) million. (Amounts in parentheses refer to previous quarter) “I am pleased to report continued strong operational performance with no serious incidents in the first quarter of 2025. We continue to build our portfolio and further strengthened our position in the greater Brage area through the farm-in to a 35% WI in the Tverrdal prospect. We also...

(Trondheim, 22 April 2025) OKEA ASA (OSE: OKEA) will publish its financial report for the first quarter of 2025 on Tuesday 29 April at 07:00 (CEST). This trading update is provided to summarise production and sales volumes and related updates for the quarter. First quarter 2025 production and sales   Unit Q1 2025 Q4 2024 Total operating income MUSD 278 205 Realised crude oil price USD/boe 77.7 76.7 Realised NGL price USD/boe 63.1 48.6 Realised liquids price...

(Trondheim, 15 April 2025) OKEA ASA (OSE: OKEA) The annual general meeting in OKEA ASA will be held on Tuesday 13 May 2025 at 09:00 (CEST) as a virtual meeting. The general meeting will be conducted as a virtual meeting only, accessible online via Lumi AGM. All shareholders will be able to participate in the meeting, vote and ask questions from smartphones, tablets or desktop devices. For further information regarding electronic participation, please refer to the guide available on https://www.okea.no/investor/general-meeting/. The deadline for notice of attendance, registration of...

(Trondheim, 15 April 2025) OKEA ASA (OSE: OKEA) will, effective from Q1 2025, publish its financial reports in USD.  Historical financial information is available for comparison using the following link:  https://www.okea.no/investor/historical-financial-info-in-excel/ OKEA has NOK as functional currency. Starting from Q1 2025, all figures in the financial statements will be presented in USD, aligning with common practices in the upstream oil and gas sector.  Comparative information for historical financial information previously presented in NOK, has been published in USD to conform with...

(Trondheim, 3 April 2025) OKEA ASA (OSE: OKEA) (“OKEA” or the “Company”). Reference is made to the stock exchange announcement dated 11 March 2025 regarding share purchase by Pareto on behalf of 492 employees in the Company. With today's purchase, the collective share purchase for an aggregate amount of up to NOK 27.8 million has been completed. In total, 1,488,205 shares have been purchased on behalf of employees in OKEA, including primary insiders, at an average purchase price of NOK 18.6688 per share. Copies of notification of each of the persons discharging managerial responsibilities...

Trondheim, 31 March 2025 - OKEA ASA (OSE: OKEA) ("OKEA") hereby publishes the following reports for 2024: Integrated report and annual statement of reserves and resources. The integrated report is also published in XHTML format. The reports can also be found on the company's website at https://www.okea.no/investor/reports/...

(Trondheim, 28 March 2025) OKEA ASA (OSE: OKEA) (“OKEA” or the “Company”). Reference is made to the stock exchange announcement made 11 March 2025 regarding initiation of share purchase by Pareto for an aggregate amount of up to NOK 27,778,226.61 on behalf of employees in the Company. From 11 March through 28 March, a total of 1,155,900 shares in the Company have been purchased at an average purchase price of NOK 18.6743 per share, amounting to NOK 21,585,623.37....

(Trondheim, 26 March 2025) - OKEA ASA (OSE: OKEA) (“OKEA”). Drilling operations on the 35/6-6 Horatio exploration well, operated by OMV (Norge) AS (“OMV”), have concluded. The well was characterised as a dry well and has been plugged and abandoned. The licence group comprises OMV (operator, 30% WI), Aker BP ASA (20% WI), Pandion Energy AS (20% WI), DNO Norge AS (20% WI*), and OKEA (10% WI*). *Reference is made to OKEA's announcement on 19 December 2024 of the agreement entered into with DNO Norge AS ("DNO") to swap a 10% working interest ("WI") in PL1119 containing the Mistral prospect,...

(Trondheim, 19 March 2025) OKEA ASA (OSE: OKEA) ("OKEA" or the "Company"). Reference is made to the stock exchange announcement made 11 March 2025 regarding initiation of share purchase by Pareto for an aggregate amount of up to NOK 27,778,226.61 on behalf of employees in the Company. From 11 March through 19 March, a total of 567,800 shares in the Company have been purchased at an average purchase price of NOK 18.0139 per share, amounting to NOK 10,228,292.42....

(Trondheim, 14 March 2025) OKEA ASA (OSE: OKEA) (“OKEA”) is pleased to announce that it has entered into an agreement with Aker BP ASA (“Aker BP”) to acquire a 35% working interest (“WI”) in the southern part of PL1102 / PL1102B, containing the Tverrdal prospect. Effective date of the transaction is 1 January 2025. The farm-in strengthens OKEA's position in the greater Brage area as Tverrdal is located approximately 13 km north of the Brage platform. Tverrdal is operated by Aker BP and is scheduled for a drill-or-drop decision in May 2025.    The PL1102/1102B licensees are applying for...

(Trondheim, 13 March 2025) OKEA ASA ("OKEA") (OSE: OKEA): On 13 March 2025, Sverre Nes, member of the board of directors in OKEA, purchased a total of 12,000 shares at an average price of NOK 17.40 per share. Copy of notification is attached hereto....

(Trondheim,12 March 2025) OKEA ASA ("OKEA") (OSE: OKEA): On 11 March 2025, Chaiwat Kovavisarach, chairman of the board of directors in OKEA, purchased a total of 20,000 shares at an average price of NOK 16.89 per share. Copy of notification is attached hereto....

(Trondheim, 11 March 2025) OKEA ASA («OKEA» or the «Company») (OSE: OKEA). In connection with the share-based bonus program in OKEA, Pareto has been mandated to purchase shares in the market for an aggregate amount of up to NOK 27,778,226.61 in the Company on behalf of 492 employees, including primary insiders. The collective share purchase will commence today and is expected to be completed on 11 April 2025 at the latest. Shares awarded under the Company's share-based bonus program will be subject to a 12-month lock-up period from the date of purchase. All share purchases will be...

Equinor ASA, along with partners Okea and Pandion Energy, made a gas and condensate discovery in the Norwegian Sea, projected to hold up to 44 million barrels of recoverable oil equivalent. read more...

(Trondheim, 4 March 2025) - OKEA ASA (OSE: OKEA) announces a discovery in the PL1119 Mistral exploration well 6406/6-7S located in the southern Norwegian sea. Preliminary estimates of recoverable oil equivalents are between 3 and 7 million standard cubic meters (MSm3), corresponding to 19 and 44 million barrels. The well was drilled to a vertical depth of 4,024 meters and encountered a 47 meters thick gas/condensate column in a 99 meters thick middle Jurassic sandstone with good reservoir properties. A comprehensive data acquisition has been carried out to assess the reservoir and fluid...