OKEA ASA ( (DE:3SX) ) just unveiled an announcement.
OKEA ASA has announced a significant discovery in the PL1119 Mistral exploration well in the southern Norwegian Sea, with estimated recoverable oil equivalents between 19 and 44 million barrels. The discovery, which encountered a substantial gas/condensate column, will be evaluated for commercial viability by the licence group, potentially leveraging existing infrastructure, thus impacting OKEA’s operational strategy and market positioning.
More about OKEA ASA
OKEA ASA is a prominent operator on the Norwegian continental shelf, focusing on mid- and late-life assets. The company is known for its strategy of growth, value creation, and capital discipline, and is listed on the Oslo Stock Exchange.
YTD Price Performance: -10.36%
Average Trading Volume: 600
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €159.7M
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