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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
06/30/201516:14:48Current Report Filing (8-k)
06/26/201516:05:14Statement of Changes in Beneficial Ownership (4)
06/26/201516:03:56Statement of Changes in Beneficial Ownership (4)
06/26/201516:02:37Statement of Changes in Beneficial Ownership (4)
06/26/201516:01:20Statement of Changes in Beneficial Ownership (4)
06/26/201515:58:41Initial Statement of Beneficial Ownership (3)
06/26/201515:56:13Initial Statement of Beneficial Ownership (3)
06/26/201506:03:01Current Report Filing (8-k)
06/26/201506:03:01Amended Current Report Filing (8-k/a)
06/24/201522:23:00Gran Tierra Energy Announces Final Voting Results from its Annual...
06/24/201522:23:00Gran Tierra Energy Announces Final Voting Results from its Annual...
06/24/201517:18:00Gran Tierra Announces Increase in 2015 Capital Program with a...
06/24/201517:18:00Gran Tierra Announces Increase in 2015 Capital Program with a...
06/16/201516:58:45Statement of Changes in Beneficial Ownership (4)
06/08/201518:12:44Statement of Changes in Beneficial Ownership (4)
06/04/201514:04:39Statement of Changes in Beneficial Ownership (4)
06/03/201517:18:31Amended Statement of Beneficial Ownership (sc 13d/a)
06/01/201506:06:55Current Report Filing (8-k)
06/01/201504:30:00Gran Tierra Participates in RBC Global Energy and Power Executive...
06/01/201504:30:00Gran Tierra Participates in RBC Global Energy and Power Executive...

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