OKEA ASA (DE:3SX) has released an update.
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OKEA ASA has entered into a strategic agreement with DNO Norge AS to exchange a 10% working interest in the Mistral prospect for a 10% stake in the Horatio prospect, diversifying its exploration portfolio. The transaction, which will take effect on January 1, 2025, involves no monetary exchange, and both parties will cover their respective drilling costs. This move positions OKEA with a stronger presence in both the Mistral and Horatio prospects, pending government approval.
For further insights into DE:3SX stock, check out TipRanks’ Stock Analysis page.
