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OKEA ASA

Regulatory Filings Sep 16, 2020

3701_rns_2020-09-16_18b62199-4a7b-4a65-a093-eef77a77e56e.html

Regulatory Filings

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OKEA ASA - Company update

OKEA ASA - Company update

OKEA ASA - Company update

OKEA's CEO, Erik Haugane, will present the company's current status and growth

strategy at the 27[th] Pareto Energy Conference today.

"We have an optimistic outlook and are increasing our activity level. We foresee

a sound organic growth in our production exceeding 25 000 boe/d by 2025 within

our existing portfolio and target to deliver this growth without the need to

raise further equity. We also maintain our opportunistic view on M&A" says CEO

Erik Haugane.

The presentation is attached.

For further info please contact:

CEO, Erik Haugane, +47 907 21 655

CFO, Birte Norheim, +47 952 93 321

VP IR, Ståle Myhre, +47 917 51 878

About OKEA

OKEA ASA is an independent Exploration and Production (E&P) company and operator

on the NCS with a current production of ~20 000 boe/d. OKEA targets profitable

production growth within the current portfolio combined with an opportunistic

approach to M&A.

OKEA ASA is listed on the Oslo Stock Exchange under the ticker "OKEA". More

information on www.okea.no

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