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Noreco in new share offer


Published May 28, 2008
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Oslo Bourse

Norwegian Oil Company, or Noreco, is offering its shareholders a chance to pick up another NOK58.7 million ($11.7 million), after the board decided its April fundraising has passed over some stakeholders.

Shares overseeen by Pareto Securities and Glitnir Securities are available from 29 May to 13 June 2008.

Trade in the company’s April-launched shares will coincide with the new launch.

Noreco is lead by BP’s former Norway boss Scott Kerr. The company recently bought Talisman out of Denmark and is now part of the Nini East development.

Tags: Noreco



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