Interoil acquires five exploitation concessions in Argentina
(WorldNews Africa)

Interoil acquires five exploitation concessions in Argentina Oslo, January 11th 2020 - Interoil Exploration and Production ASA (`Interoil`) is pleased to announce that it has closed an agreement with ROCH S.A. (the `Seller`), an independent Argentinian oil company, for the acquisition of an 8.34 per cent participating interest in five mature producing exploitation concessions (the `Santa Cruz Sur Assets`) in the heart of the Argentinean Austral Basin for a total consideration of USD 1 million payable in new Interoil shares (the `Consideration shares`). The Santa Cruz Sur Assets are located onshore in the heart of the Austral Basin in southern Argentina. This is a...