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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)
12/01/201616:14:32Statement of Changes in Beneficial Ownership (4)
11/29/201618:05:03Statement of Changes in Beneficial Ownership (4)
11/29/201618:02:05Statement of Changes in Beneficial Ownership (4)
11/29/201617:59:07Statement of Changes in Beneficial Ownership (4)
11/28/201616:33:18Current Report Filing (8-k)
11/23/201616:14:42Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
11/21/201617:28:29Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
11/21/201617:26:23Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
11/16/201616:39:31Current Report Filing (8-k)
11/10/201618:22:09Statement of Changes in Beneficial Ownership (4)
11/10/201618:07:42Statement of Changes in Beneficial Ownership (4)
11/07/201606:35:32Current Report Filing (8-k)
11/07/201606:04:50Quarterly Report (10-q)
11/04/201617:17:02Amended Current Report Filing (8-k/a)
11/04/201606:05:45Amended Securities Registration (section 12(b)) (8-a12b/a)
11/04/201606:05:45Current Report Filing (8-k)
10/11/201617:13:59Amended Statement of Beneficial Ownership (sc 13d/a)
10/04/201618:38:48Statement of Changes in Beneficial Ownership (4)
10/04/201618:37:52Statement of Changes in Beneficial Ownership (4)
10/04/201618:37:01Statement of Changes in Beneficial Ownership (4)

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