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Akastor Asa: Spoton Energy Acquires Agr'S Uk Well Management Operations

Akastor Asa: Spoton Energy Acquires Agr'S Uk Well Management Operations

12/23/21, 11:49 AM
Akastor ASA's (OSE: AKAST) subsidiary AGR AS ("AGR") has today completed the transfer of all shares in AGR Well Management Limited ("AGR Well Management") to SpotOn Energy Holding AS ("SpotOn Energy") as per the terms of a transfer agreement entered into last week. As compensation for the transfer, AGR has received 20% ownership in SpotOn Energy, which will strengthen the cooperation between AGR and SpotOn Energy going forward.

Company Info

Company
SpotOn Energy Holding AS
Company info
SpotOn Energy Holding is a Norway based field development group, promoting innovative financing method and models to reduce the equity part for the field license owners. The company targets to develop fields in a consortium with reputable industry contractors for a share of the profits of the production. For further information, please visit homepage: https://spotonenergy.no/ This information was brought to you by Cision http://news.cision.com SOURCE Akastor ASA