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Statoil Farms Down Stakes In Brazilian Exploration Licences

DOW JONES NEWSWIRES Norwegian oil and gas company Statoil (STO) said Thursday it is farming down 10% and 15%, respectively, of its participating interests in the exploration licences BM-CAL-7 and BM-CAL-10 in the Camamu-Almada basin offshore Brazil to Canadian company Gran Tierra Energy Inc. (GTE). MAIN FACTS: -Both licences are located in the Camamu-Almada basin offshore Brazil. -The transaction is subject to approval by Brazilian authorities and other conditions to closing. -Gareth Burns, senior vice president for Exploration strategy and business development in Statoil says: "This transaction is part of Statoil's continued optimisation process to maximise value and reduce portfolio risk." -The BM-CAL-7 licence is operated by Petrobras (PBR) with 60% equity, while Statoil has a 40% share. -BM-CAL-10 is operated by Statoil with 60% equity and Petrobras holds 40%. -At 1226 GMT shares traded 1.8% higher at NOK127.20. -By Dominic Chopping; Dow Jones Newswires; +46-8-5451-3093; dominic.chopping@dowjones.com

Stock News for Globetel Comms (GTE)
DateTimeHeadline
05/15/201517:31:26Additional Proxy Soliciting Materials (definitive) (defa14a)
05/15/201517:31:01Proxy Statement (definitive) (def 14a)
05/14/201517:54:54Statement of Changes in Beneficial Ownership (4)
05/14/201517:52:52Initial Statement of Beneficial Ownership (3)
05/14/201517:52:20Statement of Changes in Beneficial Ownership (4)
05/14/201517:51:49Statement of Changes in Beneficial Ownership (4)
05/14/201517:50:47Statement of Changes in Beneficial Ownership (4)
05/14/201517:50:16Statement of Changes in Beneficial Ownership (4)
05/14/201517:49:44Statement of Changes in Beneficial Ownership (4)
05/14/201517:48:42Statement of Changes in Beneficial Ownership (4)
05/14/201517:48:13Statement of Changes in Beneficial Ownership (4)
05/14/201517:47:10Statement of Changes in Beneficial Ownership (4)
05/14/201517:40:45Initial Statement of Beneficial Ownership (3)
05/14/201517:39:37Initial Statement of Beneficial Ownership (3)
05/14/201517:38:20Initial Statement of Beneficial Ownership (3)
05/14/201517:37:46Initial Statement of Beneficial Ownership (3)
05/14/201517:36:34Initial Statement of Beneficial Ownership (3)
05/14/201517:35:30Initial Statement of Beneficial Ownership (3)
05/14/201517:34:31Initial Statement of Beneficial Ownership (3)
05/14/201517:33:30Initial Statement of Beneficial Ownership (3)

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