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News and press releases

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06/11/2019

Equinor: Oil and Gas Discovery in the North Sea

Equinor and partners ExxonMobil, Idemitsu and Neptune have discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field in the North Sea. Recoverable resources are estimated at 6-16 million standard cubic metres of oil equivalent, corresponding to 38-100 million barrels of oil equivalent.

25/10/2019

Neptune Energy Closes $300 Million Senior Notes Offering

Neptune Energy Bondco plc (the “Issuer”), a wholly-owned subsidiary of Neptune Energy Group Limited (“Neptune Energy” or the “Company”), is pleased to announce today that it has successfully closed its offering of 65/8% senior notes due 2025 (the “Offering”) in an aggregate principal amount of $300 million (the “Notes”), which will constitute an additional issuance of notes of the series of which an aggregate principal amount of $550 million were previously issued. Interest will be payable semi-annually.

21/10/2019

Neptune Energy Announces Pricing of $300 Million Senior Notes Offering

Neptune Energy Bondco plc (the “Issuer”), a wholly-owned subsidiary of Neptune Energy Group Limited (“Neptune Energy” or the “Company”), is pleased to announce today that it has priced its offering of 6⅝% senior notes due 2025 (the “Offering”) in an aggregate principal amount of $300 million (the “Notes”), which will constitute an additional issuance of notes of the series of which an aggregate principal amount of $550 million were previously issued.

14/10/2019

Moody’s Upgrades Neptune Energy Rating

Neptune Energy announced today that following the conditional acquisition of a portfolio of assets in the North Sea¹ and the launch of a $500 million senior notes offering² announced earlier today, Moody’s has upgraded Neptune Energy’s Bondco plc’s existing $550 million senior notes due 2025 to B1 from B2. S&P has also affirmed its BB- rating.

14/10/2019

Neptune Energy Announces launch of $500 million senior notes offering

Neptune Energy Bondco plc (the “Issuer”), a wholly-owned subsidiary of Neptune Energy Group Limited (“Neptune Energy” or the “Company”), announced today that it has launched an offering of senior notes (the “Offering”) in an aggregate principal amount of $500 million (the “Notes”).

14/10/2019

Neptune Energy Acquires North Sea Assets From Energean

Neptune Energy today announced it has entered into a conditional Sale and Purchase Agreement with Energean Oil and Gas (“Energean”) to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for an initial cash consideration of $250 million1. The purchase is contingent on Energean completing its proposed acquisition of Edison E&P.

07/10/2019

Neptune Energy Announces New VP of Operations for Europe

Neptune Energy today announced that it has appointed Pete Jones as VP of Operations for Europe. Mr Jones is currently Managing Director of Neptune’s UK business.

30/09/2019

Drilling Rig Contract Awarded for Seagull Project

Neptune Energy and its joint venture partners BP and JAPEX today announced Valaris plc has been awarded a contract to provide a heavy-duty jack-up drilling rig for the Seagull development oil project in the UK North Sea.

07/09/2019

Neptune Energy announces first gas export at Touat, Algeria

Neptune Energy and Sonatrach today announced first gas export production from the Touat gas development in Algeria. Touat will deliver around 75,000 barrels of oil equivalent per day at plateau (around 450 million standard cubic feet of gas).

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