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Cryptosteel is an awesome solution but then do you bury it?! Shares held by SSOM are held as part of the Group's strategy to hedge the plan linked to stock options granted to senior executives of the Group. The transparency notification is available on the Investor Relations Section of Solvay's website. Attachments Press release in pdf format solvac In addition, Interoil will invest in further development activity in Argentina.

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The Company had earlier signed an agreement with Argentine drilling services company Velitec SA, for the re-opening of an initial 15 wells. The Share Issue will be based on a Norwegian national prospectus covering the offering of new shares with gross proceeds of up to NOK 37 million. Interoil recognizes that the Jaca. In addition, the complete re-opening of our wells at MMO promises to further unlock valuable barrels in Argentina. As part of the agreement, SLS and Quantum Resources will retain a 22 percent equity interest in the well and cover 60 percent of the drilling expense.

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The cost of the Jaca. The Jaca. Interoil estimates the prospective resources at Jaca. The Malevo.


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Interoil expects to reach a total daily production estimated at around bopd from the current 17 bopd once all wells are re-opened, including the bopd resulting from the intervention of the first 15 wells in partnership with Velitec SA. The investment will be carried by Interoil. Progress with Mazorca. Furthermore, Interoil and Petroland SAS have agreed on the commercial terms for the engagement of the drilling rig. The contract is expected to be signed in the coming days.

At MMO, Interoil requested the necessary certifications and approvals of the drilling rig prior to accepting it for the work-over program. The Share Issue is directed towards Norwegian investors and international institutional investors pursuant to and in compliance with applicable exemptions from relevant registration, filing and prospectus requirements, and subject to other applicable selling restrictions.

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The Share Issue will be governed by a national prospectus registered in Norway the "Prospectus". The Company decided that the best alternative is to raise the necessary funding for the investment program through the Share Issue. The subscription price in the Share Issue is established at 1. This price was calculated on the basis of a day, volume-weighted average price plus a 10 percent discount, as of close of business 26 March The Company reserves the right to close or extend the application period at any time at its sole discretion, at short notice.

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Instructions on how to submit applications in the Share Issue, as well as expected timeline for settlement and delivery of shares will be published by the Company in the Prospectus which will be published by the Company prior to the application period. The final allocation will be made at the discretion of the Board.


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The completion of the Share Issue is conditional upon approval by the Board. The Company has considered the Share Issue in light of the equal treatment obligations under the Norwegian Securities Trading Act and the rules on equal treatment under Oslo Rule Book II for companies listed on the Oslo Stock Exchange and the Oslo Stock Exchange's Guidelines on the rule of equal treatment, and the Board is of the opinion that the contemplated transaction is in compliance with these requirements and guidelines.

Taking into consideration the time, costs and expected terms of alternative methods of the securing the desired funding, the Board has concluded that offering new shares in a Share Issue on acceptable terms at this time is in the common interest of the shareholders of the Company. The Company is operator and license holder of several production and exploration assets in Colombia and Argentina.

Interoil currently employs approximately 50 people and is headquartered in Oslo. SLS is a Colombian drilling services company. This notice contains information which is considered inside information pursuant to the European Market Abuse Regulation.