Key Developments: Interoil Exploration and Production ASA (IOX.OL)

IOX.OL on Oslo Stock Exchange

0.28NOK
6 May 2015
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Latest Key Developments (Source: Significant Developments)

Interoil Exploration and Production: approval and publication of prospectus
Wednesday, 25 Mar 2015 11:45am EDT 

InterOil Exploration and Production ASA:Approval and publication of prospectus.Approved prospectus for listing of 395,000,000 new shares each with a nominal value of 0.05 Norwegian crown.New shares are expected to be listed and tradable on Oslo Bors from and including March 26, 2015.  Full Article

Interoil Exploration and Production ASA presents preliminary result of mandatory offer
Thursday, 19 Mar 2015 03:52am EDT 

InterOil Exploration and Production ASA:Preliminary result of offer shows that offeror, Andes Energia plc, has received acceptances of offer for a total of 42,176 shares in company at an offer price of 0.11 Norwegian crown per share representing about 0.01 pct of the issued and outstanding shares in company.Settlement of offer will take place no later than on April 1, 2015.Together with 330,000,000 shares already held in company by offeror, offeror will following settlement of offer hold 330,042,176 shares in company, about 51.02 pct of all issued and outstanding shares of company.  Full Article

InterOil Exploration and Production reaches settlement with Trayectoria Oil & Gas
Wednesday, 4 Mar 2015 02:20am EST 

InterOil Exploration and Production ASA:Says settlement has been reached with Trayectoria Oil & Gas (TOG) in relation to Altair and Cor-6 exploration licenses in Colombia.Parties agreed to settle dispute and entered into a settlement agreement under which TOG will pay Interoil $4,000,000 in four installments.  Full Article

Interoil Exploration and Production appoints new CEO and CFO
Tuesday, 20 Jan 2015 09:56am EST 

InterOil Exploration and Production ASA:Says Alejandro Jotayan has been appointed Chief Executive Officer (CEO) of Interoil.Pablo Arias has been appointed Chief Financial Officer (CFO).Says all appointments are effective as of today.Former CEO Thomas Fjell and CFO Erik Sand√ły will continue to work for company to ensure a proper transition of duties.  Full Article

Andes Energia announces acquisition of interest in Interoil Exploration
Tuesday, 20 Jan 2015 08:30am EST 

Andes Energia Plc:Says the shareholders of Interoil Exploration and Production ASA (IOX) approved the issue of 330,000,000 shares in IOX to Andes representing 51 pct of the enlarged share capital of IOX.As a result of this private placement, Andes has assumed an obligation to launch a mandatory offer within four weeks for the existing shares in IOX at 0.11 Norwegian Krone per IOX share.  Full Article

InterOil Exploration and Production : shareholders approve restructuring proposal
Tuesday, 20 Jan 2015 08:00am EST 

InterOil Exploration and Production ASA:Shareholders approve restructuring proposal.Elects new board.  Full Article

InterOil Exploration and Production ASA says bondholders approve restructuring proposal
Tuesday, 20 Jan 2015 03:40am EST 

InterOil Exploration and Production ASA:Says bondholders approve restructuring proposal.  Full Article

InterOil Exploration and Production announces refinancing proposal
Tuesday, 23 Dec 2014 11:37am EST 

InterOil Exploration and Production ASA:Said on Tuesday Andes Energia AEN.L had committed to invest 36.3 million Norwegian crowns ($4.88 million) in private placement towards Andes Energia at subscription price of 0.11 crown per share.Subscription is conditional upon successful restructuring of its 310 million crowns bond loan and $6.2 million debt relating to Proseis AG.Following private placement and approval of restructuring Andes will hold 51 pct of Interoil outstanding share capital.Restructuring implies that Interoil will reduce its debt with approximately 120 million crowns.310 million crowns bond and the $6.2 million Proseis debt are replaced with new $32 million bond loan.Private placement and restructuring are mutually conditional upon each other.As part of restructuring, current bondholders will convert part of bond to 65,000,000 new shares in Interoil, equivalent to about 10 pct of shares outstanding after private placement and restructuring.Private placement will trigger obligation for Andes to launch a mandatory offer for remaining shares in Interoil.Arctic Securities is acting as financial advisor to company.  Full Article

InterOil Exploration and Production updates on sale of Peruvian operations
Tuesday, 4 Nov 2014 01:02am EST 

InterOil Exploration and Production ASA:Updates on sale of Interoil Exploration and Production Latin America AS (LATAM).Says United Oilfield Colombia Inc (UOC) will subscribe for new shares in LATAM in a private placement and acquire remaining shares of Interoil through a share purchase agreement.Says consideration to Interoil is USD 1.UOC will also assume the debtor position of an intercompany debt of USD 2 million that Interoil has towards LATAM.Says if the transaction is completed, Interoil will not have any further exposure towards the Peruvian assets other than parent company guarantee to secure certain work obligations under licenses.  Full Article

InterOil Exploration and Production sells its Peruvian operation
Friday, 31 Oct 2014 12:02pm EDT 

InterOil Exploration and Production ASA:Interoil sells its Peruvian operation.Says has entered into a conditional agreement to transfer ownership of its oil exploration and production activities in Peru to United Oilfield Inc.United oilfield is a company registered in Republic of Panama.Agreement will not have any cash effect or material impact on Interoil's financial position.Agreement is conditional upon approval from Interoil bondholders and ambition is to close transaction before end of.  Full Article

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