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Interoil Faces Joint Venture Termination in Argentina

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Interoil Faces Joint Venture Termination in Argentina

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InterOil Exploration and Production ASA ( (DE:1ZD0) ) just unveiled an announcement.

Interoil Exploration and Production ASA announced that Petrominera S.E. has terminated their joint venture agreement concerning exploration and exploitation in Chubut, Argentina, citing alleged failures by Interoil and its partner. Interoil is currently evaluating legal options to contest the termination and protect its interests.

More about InterOil Exploration and Production ASA

Interoil Exploration and Production ASA is a Norwegian exploration and production company listed on the Oslo Stock Exchange, focusing on Latin America. The company operates and holds licenses for several production and exploration assets in Colombia and Argentina, with its headquarters in Oslo.

Average Trading Volume: 118,623

Current Market Cap: NOK28.23M

See more insights into 1ZD0 stock on TipRanks’ Stock Analysis page.

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