OKEA ASA

Regulatory Filings • Oct 15, 2019

Completion of wildcat well 9/2-12

Completion of wildcat well 9/2-12

Completion of wildcat well 9/2-12

As reported by operator Repsol Norge AS on 15[th] October 2019, drilling of

exploration well 9/2-12 on the Kathryn prospect in the North Sea has been

completed. The primary target was a Middle Jurassic reservoir. No traces of

hydrocarbons were encountered, and the well is classified as dry.

For more information, please refer to the press release by Norwegian Petroleum

Directorate.

About OKEA

OKEA is a fast-growing oil and gas producer operating on the Norwegian

Continental Shelf (NCS) aiming to bring undeveloped discoveries with less than

100 million boe in reserves into production. We are a trusted partner on a

local, regional and national level with a clear ambition to create value for

owners, employees and society as a whole.

Our overall vision is to be the leading company on the NCS in terms of

delivering safe and cost-effective field developments and operational

excellence, while maintaining a competent organization with direct management

engagement in all of our projects.

Our head office is based in Trondheim and includes most of our management

functions. Our offshore operational center for existing and future OKEA-operated

fields is based in Kristiansund.

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