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BRIEF-Oryx Petroleum Announces Results Of Haute Mer B Arbitration

Published 2020-02-05, 05:34 p/m
© Reuters.  BRIEF-Oryx Petroleum Announces Results Of Haute Mer B Arbitration
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Feb 5 (Reuters) - Oryx Petroleum Corporation Ltd OXC.TO :

* ORYX PETROLEUM ANNOUNCES RESULTS OF HAUTE MER B ARBITRATION

* ORYX PETROLEUM CORPORATION - DECISION OF ARBITRATION TRIBUNAL IN MATTER FOR TRANSFER OF PARTICIPATING INTEREST IN HAUTE MER B LICENSE OFFSHORE CONGO

* ORYX PETROLEUM CORPORATION LTD - TRIBUNAL REJECTED SELLER'S POSITION THAT ALL CONDITIONS TO CLOSING HAD BEEN EITHER SATISFIED OR WAIVED

* ORYX PETROLEUM CORPORATION LTD - BUYER WAS REQUIRED TO CLOSE TRANSACTION AND ACQUIRE SELLER'S INTERESTS

* ORYX PETROLEUM CORPORATION LTD - FORECAST CASH CONSIDERATION OF $13.3 MILLION FROM TRANSACTION WILL NOT BE RECEIVED

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