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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;

Stock News for Globetel Comms (GTE)
05/04/201606:08:22Current Report Filing (8-k)
05/04/201606:08:22Quarterly Report (10-q)
04/29/201614:12:30Additional Proxy Soliciting Materials (definitive) (defa14a)
04/29/201614:02:10Proxy Statement (definitive) (def 14a)
04/22/201616:24:20Current Report Filing (8-k)
04/19/201606:06:01Current Report Filing (8-k)
04/18/201617:17:15Proxy Statement - Notice of Shareholders Meeting (preliminary...
04/06/201617:25:28Current Report Filing (8-k)
04/04/201619:55:13Statement of Changes in Beneficial Ownership (4)
04/04/201619:52:54Statement of Changes in Beneficial Ownership (4)
03/30/201618:11:10Current Report Filing (8-k)
03/03/201617:58:04Current Report Filing (8-k)
02/04/201612:01:27Amended Statement of Ownership (sc 13g/a)
01/29/201617:21:14Amended Statement of Beneficial Ownership (sc 13d/a)
01/19/201606:02:10Current Report Filing (8-k)
01/07/201616:23:05Statement of Changes in Beneficial Ownership (4)
12/24/201513:27:32Amended Statement of Beneficial Ownership (sc 13d/a)
12/18/201516:49:46Current Report Filing (8-k)
12/15/201518:21:18Statement of Changes in Beneficial Ownership (4)
11/20/201517:15:00Statement of Changes in Beneficial Ownership (4)

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