March 31, 2021
Norwegian oil company Interoil said it plans to sell shares to raise funds for an agreement to drill two new wells in Colombia with drilling services firm SLS and exploration and production (E&P) company Quantum Resources.
The Oslo-listed company said it could raise up to NOK37 million ($4.33 million) in a follow-on equity offering and added that it will present the deal to investors during an online event on April 6, according to a press release from Monday.
Interoil set the price at NOK1.4
Norway-listed oil company could also use the proceeds to reopen 19 wells in Argentina