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PO Box 161
5868 Bergen
Norway

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Espehaugen 32 B
5258 Blomsterdalen
Norway

8 August 2019

Appointment of managing director

Petrolia NOCO is pleased to announce the appointment of Linn Katrine Høie as Managing Director with effect from 5th August 2019. The Board of Directors of Petrolia NOCO AS, today announces the appointment of Linn Katrine Høie as the Managing Director of Petrolia NOCO AS. Linn Katrine will be responsible for taking the Company forward in the next stage of its growth.

Linn Katrine (42) comes to Petrolia NOCO with broad experience from the energy sector, most recently working with digitalisation of field development in Aker BP. She has held various management positions during her career and has a very broad technical and cross discipline understanding of the industry. Her previous experience in building up management systems, process improvements, license management and project management are an ideal background for Petrolia NOCO as the company builds its portfolio, which includes two operated licences.

Robert Arnott, Executive Chairman of the Board said:

“We are very fortunate to have appointed someone of Linn Katrine Høie’s calibre and experience to lead our team of young and dynamic professionals in order to deliver value to its shareholders”.

Linn Katrine Høie, new Managing Director commented:

“I am looking forward to leading Petrolia NOCO as we continue to seek to create and deliver material value for shareholders. The company’s key strength of entrepreneurial exploration remains the focus of the Company offering investors significant growth potential”.

 

ABOUT PETROLIA NOCO AS
Petrolia NOCO AS is a privately owned independent oil company qualified as an operator on the Norwegian Continental Shelf.

Its shares are registered in the Norwegian Central Securities Depository (“Verdipapirsentralen”, VPS) with ISIN: NO0010844301. The shares are registered with ticker “PNO” on the NOTC (www.notc.no), a market place for unlisted shares.

Petrolia NOCO AS has been involved in exploration in Norway since 2012 and has 12 licences including two operatorships, one in the northern North Sea (PL 933) and one in the Norwegian Sea (PL 1013).

Petrolia NOCO AS is highly geared to creating significant value for stakeholders through its strategy of focusing on material exploration success. By applying smart and cost effective technology with Norwegian Continental Shelf competence, the company is challenging consensus to open new exploration plays.