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3 June 2020

Petrolia NOCO AS completes the acquisition of a 21.8% WI in PL 048D from CapeOmega AS

On 28th of May 2020 Petrolia NOCO AS completed the acquisition of a 21.8% WI in PL 048D from CapeOmega AS. Whilst the transfer relates to Norwegian license interests, license PL 048D forms part of a cross-border unitised interest known as the “Enoch Unit”. The Enoch Unit is an oil- and gas producing field in the central part of the North Sea on the border to the British sector, ten kilometers northwest of the Gina Krogh field. The field is operated by Repsol Sinopec North Sea Limited.

The effective date for the transaction is 1st January 2020.