Nordic Petroleum has entered into an intentional agreement with a UK company. The agreement aims at a Farm-In agreement and execution of a work program in 2014. The agreement is related to Chard. According to the agreement term payments shall take place and the first payment is executed. The commercial terms are marginally better than the previous Chard agreement. The Agreement shall be fully implemented by April 30 2014.
The Chairman comments:
«I am very pleased that we have entered into this LOI regarding development of the Chard asset. This is important related to the development of Chard and value creation»
Inquiries may be directed to:
Per Gunnar Løge (+47 91130847)