Equity strengthening of NOK 10 million

In September/October 2017 MOORE Energy AS (MOORE) completed transactions to strengthen the company’s equity by NOK 10 million. Parts of the proceeds are intended for first acquisition of working interests in producing oil and gas leases in Texas (US).

MOORE is a private Norwegian independent E&P company with focus on conventional resources onshore France/Europe and Texas/US. The company has secured a unique position in Alsace with three exploration licenses covering an area of 1,000 km2 and is preparing acquisitions of oil and gas leases in the Bend Arch-Fort Worth Basin NW of Dallas, Texas.