2019 mens vi venter på q4 og veien videre


Oslo, 4 January 2019
Reference is made to the Stock Exchange Notice from 24 October 2018 where North Energy informed about the notice from the Petroleum Taxation Office (OTO) regarding a possible NOK 146 million change of the tax returns from 2014 and 2015 for the subsidiary North E&P, corresponding to NOK 115 million in exploration tax refunds excluding interest. North Energy strongly disagree with the content and the conclusion of the notice and is currently preparing a thorough and comprehensive response to secure a fair and correct tax treatment. The response involves a considerable amount of evidence and documentation and the deadline for the response has been extended until 31 January 2019.
The process of settling the above-mentioned tax-issue will potentially take considerable time. Due to this the planned liquidation of North E&P has been put on hold. In November 2018 North E&P received the cash settlement for the tax refund for 2017, including the tax refund based on losses carried forward, amounting to NOK 234.3 million. North Energy is entering 2019 with a strong financial position, with no debt and around NOK 250 million in cash, before taking into account any adverse outcome of the tax dispute with OTO.
In May 2016 the extraordinary general meeting of North Energy decided on a comprehensive restructuring of North Energy, involving a new corporate and management structure to strengthen the company's business model and commercial platform. The initial period of the new structure was set to three years (see stock exchange notice on 27 April 2016).
Given that the initial three-year period comes due this spring, the Board of North Energy is in the process of evaluating the company's future strategy and structure. The aim of the evaluation is threefold; 1) to lay the foundation for a further development of the underlying values of North Energy, 2) protect and utilise the company's strong financial position, and 3) provide good transparency for all shareholders. As part of the evaluation, the Board will recommend both an amount and a structure of shareholder distributions that should meet the interest of all the various shareholders. The outcome of this process is anticipated to be announced before, or in connection with, the company's Q4 report on 27 February 2019.
Redigert 04.01.2019 kl 09:32 Du må logge inn for å svare
Odi.1
16.02.2019 kl 17:24 1420

11 % er nå tålig bra, viktig å spre investeringer også.
Husk at TXP vokser 28 % pr år , og dette kan øke betydelig., 14 nye hull i 19 , inn med to Rigger til , dette vil bli en super Portfolio for NORTH , + det som TTBago har varslet skal investeres de neste 5 årene :)
kim2002
18.02.2019 kl 11:29 1228

Jeg er imponert over hvordan North ledelsen klarer å skape verdier for oss aksjonærer ifl aksjekursen
mimsa
18.02.2019 kl 11:38 1218

Ja, det er jeg også. Her ser det jammen med ut som om vi skal nå kr 1.50 før Q4. Litt av en gjeng sønnen av industribyggeren og resten av bøtteballetten på Tjuvholmen. Har sett at det er flere som har hatt ønske om å ha pengene stående i selskapet istedet for utbytte. Måtte Gud være med dere!!!!!

mimsa vi ser 2,00 før vi ser 1,50, tror jeg:)

Kjøres emisjon i txp. North øker med 3.7 mill aksjer.
Stemmer det?
Odi.1
19.02.2019 kl 10:52 1049

du er snål, mims :)


keep the Hatt,n no ! ( just say )
kim2002
19.02.2019 kl 11:03 1038

hummmm, hva skjer i dag????
Odi.1
20.02.2019 kl 08:46 433

Pen omtale i FA om Reach , Norths til nå største investeringsobjekt.