Transaction completed

The transaction between seller P/F Atlantic Petroleum and M Vest Energy AS regarding the purchase of the assets in Atlantic Petroleum Norge was completed today January 20th. M Vest Energy will take over licenses, staff, IT-systems, seismic and a cash-holding after the transaction and will progress exploration programs and residual activity in the former Atlantic Petroleum Norge AS.

«It has been an orderly process and both parties are satisfied with the events of the negotiations» CEO in M Vest Energy, Jonny Hesthammer says.

The transaction was announced March 9th 2016.