Oct 21 (Reuters) - Panoro Energy Asa PENO.OL :
* PANORO ENERGY ANNOUNCES AGREEMENT FOR THE SALE OF ALL ITS
INTEREST IN OML 113, OFFSHORE NIGERIA
* FOLLOWING COMPLETION OF TRANSACTION, CO WILL HAVE NO
PRESENCE IN
NIGERIA
* PANORO- TO DIVEST PAN-PETROLEUM SERVICES HOLDING,
PAN-PETROLEUM
NIGERIA HOLDING FOR ALLOTMENT, ISSUE OF NEW CO SHARES WITH A
FIXED VALUE OF US$ 10 MILLION
* DIVESTMENT ALSO INCLUDES CONTINGENT CONSIDERATION OF UP TO
25 MILLION BASED ON FUTURE GAS PRODUCTION VOLUMES
* PANORO ENERGY-FOLLOWING COMPLETION OF TRANSACTION, CO'S
INTENTION IS TO DECLARE SPECIAL DIVIDEND & DISTRIBUTE SHARE
CONSIDERATION, TO ITS SHAREHOLDERS
Source text for Eikon: ID:nWkr3bWP6n
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