Sequa Petroleum N.V. Funding Update
June 20 2017 - 12:00PM
Further to its press release of 15
May, Sequa Petroleum N.V. ("Company") announces that its 100%
subsidiary Tellus Petroleum AS has now received NOK
358,863,837 from the Norwegian tax authorities in relation to its
cessation of E&P activity in Norway.
As previously stated, Management
expects that debt restructuring and possibly new equity and/or debt
funds will enable the Company to progress selected high quality
appropriately sized acquisition targets of production and
development assets elsewhere that are value-accretive and provide
cash flow.
Contacts:
Jacob Broekhuijsen, Chief Executive Officer
+44(0)203-728-4450 or info@sequa-petroleum.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Sequa Petroleum NV via Globenewswire
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