Det norske oljeselskap ASA successfully raised NOK 489 million (USD 91.2 million ) in private placements directed towards Norwegian and International investors. The Issue was oversubscribed.
The price was set at NOK 44.0 per share (USD 8.2 ) . 11 111 111 shares will be issued following the Private Placement, increasing the share capital to 122 222 222 shares.
Erik Haugane, CEO of Det norske stated:
– “Det norske has during 2011 experienced exploration success, most recently with the Aldous Major South discovery. While Det norske in the past years has been a purely exploration focused company, we are now entering a new phase, with several field development projects in the portfolio. We have now successfully strengthened our balance sheet ahead of this transformational period.”
[mappress] Source:Det Norske, August 31, 2011;