Nordic Business Report-April 20, 2006-Petrolia Drilling ASA increases stake in Petromena AS
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The Norwegian offshore drilling contractor Petrolia Drilling ASA announced on Thursday (20 April) that had increased its exposure to Petromena AS through a combination of market purchases, participation in the Petromena AS private placement and forward contracts.
After the transactions Petrolia controls 104,169,300 shares in Petromena, corresponding to 35.8% of the outstanding shares.
The 104,169,300 Petromena shares controlled by Petrolia include a total of 25,000,000 shares held under forward contracts with delivery on 5 July 2006.
No financial information was provided.
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