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BlueNord ASA Announces Successful Tyra Completion Test and Cash Distribution

Story Highlights
  • BlueNord ASA successfully completed the Tyra Completion Test, exceeding oil production expectations.
  • The company plans a USD 253 million cash distribution following the test’s success.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BlueNord ASA Announces Successful Tyra Completion Test and Cash Distribution

Confident Investing Starts Here:

An announcement from Norwegian Energy Company ASA ( (GB:0HTF) ) is now available.

BlueNord ASA announced the successful completion of the Tyra Completion Test, which exceeded expectations in oil production, meeting the requirements of the RBL banks. This achievement allows the company to proceed with a USD 253 million cash distribution, expected as a return of paid-in capital, reflecting positively on its operational performance and financial strategy.

The most recent analyst rating on (GB:0HTF) stock is a Buy with a NOK681.00 price target. To see the full list of analyst forecasts on Norwegian Energy Company ASA stock, see the GB:0HTF Stock Forecast page.

More about Norwegian Energy Company ASA

BlueNord ASA is a European oil and gas company focused on producing and developing energy resources, as well as supporting the energy transition. The company holds a 36.8 percent interest in the Danish Underground Consortium, which is responsible for oil and gas production in the Danish North Sea. BlueNord is listed on the Oslo Stock Exchange under the ticker ‘BNOR’.

Average Trading Volume: 36,205

Current Market Cap: NOK15.58B

For detailed information about 0HTF stock, go to TipRanks’ Stock Analysis page.

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