Sequa Petroleum N.V. Funding Update

Further to its press release of 15 May, Sequa Petroleum N.V. ("Company") announces that its 100% subsidiary Tellus Petroleum AS has now received NOK 358,863,837 from the Norwegian tax authorities in relation to its cessation of E&P activity in Norway.

As previously stated, Management expects that debt restructuring and possibly new equity and/or debt funds will enable the Company to progress selected high quality appropriately sized acquisition targets of production and development assets elsewhere that are value-accretive and provide cash flow.

Contacts:
Jacob Broekhuijsen, Chief Executive Officer
+44(0)203-728-4450 or info@sequa-petroleum.com

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sequa Petroleum NV via Globenewswire

Sequa Petroleum NV (EU:MLSEQ)
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