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Aker ASA (AKER.OL)

AKER.OL on Oslo Stock Exchange

493.00NOK
2:30pm IST
Change (% chg)

kr1.20 (+0.24%)
Prev Close
kr491.80
Open
kr490.60
Day's High
kr494.20
Day's Low
kr490.00
Volume
4,611
Avg. Vol
103,464
52-wk High
kr684.50
52-wk Low
kr390.00

Latest Key Developments (Source: Significant Developments)

Aker ASA Q2 NAV At NOK 44.8 bln
Thursday, 18 Jul 2019 

July 18 (Reuters) - Aker ASA ::REG-AKER ASA: SECOND-QUARTER AND HALF-YEAR RESULTS 2019 – NET ASSET VALUE OF NOK 44.8 BILLION.REG-AKER ASA: SECOND-QUARTER AND HALF-YEAR RESULTS 2019 – NET ASSET VALUE OF NOK 44.8 BILLION.NET ASSET VALUE ("NAV") OF AKER ASA AND HOLDING COMPANIES ("AKER") INCREASED BY NOK 4.7 BILLION FOR FIRST HALF OF 2019.AKER'S LIQUIDITY RESERVES, INCLUDING UNDRAWN CREDIT FACILITIES, STOOD AT NOK 6.1 BILLION AS PER 30 JUNE 2019.VALUE-ADJUSTED EQUITY RATIO FOR Q2 WAS 79 PER CENT, COMPARED TO 82 PER CENT AT END OF Q1 AND 78 PER CENT AT YEAR-END 2018.IN THE SECOND QUARTER, THE NAV ENDED AT NOK 44.8 BILLION, DOWN FROM NOK 56.2 BILLION AT THE END OF THE FIRST QUARTER.THE INCOME STATEMENT FOR AKER ASA AND HOLDING COMPANIES SHOWS A PROFIT BEFORE TAX OF NOK 566 MILLION FOR THE SECOND QUARTER 2019.AKER ENERGY PDO AND A SUBSEQUENT FINAL INVESTMENT DECISION IS TARGETED TO THE SECOND HALF OF 2019.AKER REMAINS POSITIVE ABOUT THE MEDIUM TO LONGER TERM OUTLOOK FOR OIL AND GAS MARKETS AND WILL THEREFORE CONTINUE TO EVALUATE STRATEGIC ALTERNATIVES AND OPPORTUNITIES IN THE SECTOR.  Full Article

Aker Energy To Issue Convertible Bonds Worth USD 100 Mln
Monday, 8 Jul 2019 

July 8 (Reuters) - Aker ASA ::AKER ENERGY ISSUES CONVERTIBLE BONDS TO AFRICA FINANCE CORPORATION.HAS ENTERED INTO AN AGREEMENT TO ISSUE USD 100 MILLION OF CONVERTIBLE SUBORDINATED BONDS TO AFRICA FINANCE CORPORATION.AFC ALSO INTENDS TO TAKE PART IN FUTURE CAPITAL MARKET ACTIVITIES.BONDS HAVE A MATURITY OF FIVE YEARS, WITH AN OPTION TO EXTEND WITH ANOTHER THREE YEARS.BONDS HAVE A COUPON OF 5.5 PER CENT PER YEAR AND WILL BE CONVERTED TO EQUITY IN EVENT OF AN INITIAL PUBLIC OFFERING AKER ENERGY, AT AN AGREED DISCOUNT TO AN IPO OFFERING PRICE OF 1.85 PER CENT PER YEAR.PROCEEDS FROM BONDS WILL BE PART OF FINANCING FOR DEVELOPMENT OF DEEPWATER TANO CAPE THREE POINTS ("DWT/CTP") BLOCK OFFSHORE GHANA.AS PART OF AGREEMENT, AFC HAS RECEIVED EQUITY WARRANTS WITH RIGHT TO SUBSCRIBE SHARES IN AKER ENERGY IN FUTURE EQUITY OFFERINGS BY COMPANY OF UP TO USD 50-100 MILLION.  Full Article

Aker: Svein Oskar Stoknes Appointed CFO
Friday, 14 Jun 2019 

June 14 (Reuters) - Aker ASA ::REG-AKER ASA: SVEIN OSKAR STOKNES APPOINTED CFO AT AKER.SVEIN OSKAR STOKNES HAS BEEN APPOINTED CHIEF FINANCIAL OFFICER (CFO) OF AKER ASA, EFFECTIVE AUGUST 1, 2019.SVEIN OSKAR STOKNES REPLACES FRANK O. REITE, WHO WILL STEP ASIDE DUE TO A HEART RELATED DISEASE THAT HAS DEVELOPED OVER COURSE OF TIME.REITE WILL REMAIN CHAIRMAN OF LISTED COMPANY OCEAN YIELD ASA.  Full Article

Aker Energy eyes IPO later this year
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Aker ASA Senior VP of Field Development, Stefan Johansson, told a conference on Wednesday::AKER ENERGY IS LOOKING AT LAUNCHING A POSSIBLE IPO AFTER SUMMER 2019 - COMPANY OFFICIAL.AKER ENERGY EYES START-UP OF GHANA OIL PRODUCTION IN 2022 -COMPANY OFFICIAL.AKER ENERGY EXPECTS TO ANNOUNCE RESULTS OF LATEST APPRAISAL DRILLING AT PECAN DISCOVERY IN GHANA IN COUPLE OF WEEKS -COMPANY OFFICIAL.AKER ENERGY HOPES TO HAVE DEVELOPMENT PLAN FOR PECAN FIELD TO BE APPROVED IN SUMMER 2019 -COMPANY OFFICIAL.  Full Article

Aker Energy makes additional oil discovery offshore Ghana
Monday, 4 Mar 2019 

March 4 (Reuters) - Aker ASA ::AKER ASA: AKER ENERGY ANNOUNCES SUCCESSFUL DRILLING RESULTS OFFSHORE GHANA.AKER ENERGY, AS OPERATOR OF DEEPWATER TANO CAPE THREE POINTS (DWT/CTP) BLOCK, ANNOUNCES THAT IT ENCOUNTERED OIL IN PECAN SOUTH-1A WELL OFFSHORE GHANA. A SIDETRACK WILL NOW BE DRILLED TO FURTHER APPRAISE VOLUME POTENTIAL.VOLUMES WILL BE AN ADDITION TO GROSS CONTINGENT RESOURCES (2C) FROM EXISTING DISCOVERIES IN AREA, PREVIOUSLY ESTIMATED TO 450 - 550 MMBOE.AKER ENERGY IS IN PROCESS OF ANALYZING WELL RESULT AND WILL COMMENCE FURTHER DRILLING IN ORDER TO VERIFY VOLUME ESTIMATE.ESTIMATES THAT TOTAL VOLUMES TO BE INCLUDED IN A PLAN OF DEVELOPMENT (POD) HAVE POTENTIAL TO INCREASE TO BETWEEN 600 - 1,000 MMBOE.AKER ENERGY SEES FURTHER UPSIDES IN AREA. COMPANY HAS IDENTIFIED MULTIPLE WELL TARGETS TO BE DRILLED AS PART OF A GREATER AREA DEVELOPMENT AFTER SUBMISSION OF POD.AKER ENERGY IS OPERATOR OF DWT/CTP BLOCK WITH A 50% PARTICIPATING INTEREST.AKER ENERGY'S PARTNERS ARE LUKOIL (38%), GHANA NATIONAL PETROLEUM CORPORATION (GNPC) (10%) AND FUELTRADE (2%).  Full Article

Aker's net asset value fell 34 pct in Q4 as oil price plunged
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Aker ASA ::FOURTH-QUARTER AND PRELIMINARY ANNUAL RESULTS 2018 - NET ASSET VALUE OF NOK 41.7 BILLION – CASH DIVIDEND OF NOK 22.50 PER SHARE PROPOSED.AKER Q4 NET ASSET VALUE NOK 41.7 VERSUS NOK 63.3 BILLION IN Q3 2018, A FALL OF 34.1 PCT.AKER PROPOSES DIVIDEND OF NOK 22.50 PER SHARE FOR 2018 VERSUS NOK 18 PER SHARE FOR 2017.WE RECEIVED A RECORD HIGH NOK 2.2 BILLION IN UPSTREAM CASH FROM OUR PORTFOLIO COMPANIES IN 2018, AND IN 2019 WE EXPECT UPSTREAM DIVIDENDS TO EXCEED NOK 3 BILLION.DIVIDEND PROPOSED IS IN UPPER END OF RANGE.PLEASED TO SAY THAT VALUE DECLINE LAST QUARTER DID NOT AFFECT UNDERLYING DEVELOPMENT OF OUR INVESTMENTS.  Full Article

Aker BP makes North Sea oil and gas discovery
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Aker Bp Asa ::AKERBP: DISCOVERY AT FROSKELÅR.WELL HAS ENCOUNTERED OIL AND GAS.PRELIMINARY ANALYSIS INDICATES A GROSS DISCOVERY SIZE WITHIN PREVIOUSLY COMMUNICATED ESTIMATE OF 45-153 MILLION BARRELS OIL EQUIVALENTS.FROSKELÅR MAIN IS LOCATED IN ALVHEIM AREA AND FOLLOWS FROSK DISCOVERY FROM LAST YEAR.MAJOR PART OF DISCOVERY IS IN LICENCE 869 ON NORWEGIAN CONTINENTAL SHELF, WHILE A PART MAY STRADDLE UK-NORWEGIAN BORDER IN NORTH SEA.DRILLING OPERATION WILL CONTINUE, AND A COMPREHENSIVE DATA COLLECTION PROGRAM WILL BE PERFORMED TO DETERMINE SIZE AND QUALITY OF DISCOVERY.AKER BP IS OPERATOR AND HOLDS 60 PERCENT INTEREST IN LICENCE 869. PARTNERS ARE LUNDIN NORWAY (20 PERCENT) AND VÅR ENERGI (20 PERCENT).  Full Article

Aker BP CFO to join Aker ASA
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Aker Bp Asa ::DAVID TORVIK TØNNE AND LENE LANDØY JOIN EXECUTIVE MANAGEMENT TEAM OF AKER BP.ALEXANDER KRANE, WHO IS CURRENTLY CFO OF AKER BP, WILL MOVE TO A POSITION AS INVESTMENT DIRECTOR AT AKER ASA.AKER BP IS REORGANIZING ITS FINANCE FUNCTIONS. DAVID TORVIK TØNNE BECOMES NEW CFO, WHILE LENE LANDØY BECOMES DIRECTOR WITH RESPONSIBILITY FOR STRATEGY AND BUSINESS DEVELOPMENT.  Full Article

Aker: Aker Energy sees potential of 1 bln boe in Ghana development
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Aker Energy (owned 50 pct by Aker and 50 pct by Kjell Inge Roekke)::AKER ENERGY, OPERATOR OF THE DEEPWATER TANO CAPE THREE POINTS (DWT/CTP) BLOCK, SAYS IT IS ABOUT TO COMPLETE A SUCCESSFUL DRILLING OPERATION OF THE PECAN-4A APPRAISAL WELL OFFSHORE GHANA.AKER ENERGY: BASED ON SEISMIC, WELLS DRILLED AND AN ANALYSIS OF THE PECAN-4A WELL RESULT, THE EXISTING DISCOVERIES ARE ESTIMATED TO CONTAIN GROSS CONTINGENT RESOURCES (2C) OF 450 – 550 MILLION BARRELS OF OIL EQUIVALENT.AKER ENERGY ESTIMATES THAT WITH THE NEXT TWO APPRAISAL WELLS TO BE DRILLED, THE TOTAL VOLUMES TO BE INCLUDED IN A PLAN OF DEVELOPMENT (POD) HAVE THE POTENTIAL TO INCREASE TO BETWEEN 600 – 1,000 MMBOE.AKER ENERGY: IN ADDITION, THERE ARE IDENTIFIED MULTIPLE WELL TARGETS TO BE DRILLED AS PART OF A GREATER AREA DEVELOPMENT AFTER SUBMISSION OF THE POD.AKER ENERGY IS THE OPERATOR OF THE DWT/CTP BLOCK WITH A 50% PARTICIPATING INTEREST.AKER ENERGY’S PARTNERS ARE LUKOIL (38%), THE GHANA NATIONAL PETROLEUM CORPORATION (GNPC) (10%) AND FUELTRADE (2%).AKER ENERGY: WE SEE THE FOUNDATION FOR A PHASED DEVELOPMENT PRODUCING THROUGH SEVERAL PRODUCTION UNITS OFFSHORE GHANA.  Full Article

Aker ASA Q3 net asset value rises to NOK 63.3 billion
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Aker ASA ::REG-AKER ASA: THIRD-QUARTER RESULTS 2018 - NET ASSET VALUE OF NOK 63.3 BILLION.AKER Q3 NET ASSET VALUE NOK 63.3 BILLION ($7.59 BILLION)VERSUS NOK 57.1 BILLION IN Q2.  Full Article

China's SDIC Power confirms intention to float on London Stock Exchange

LONDON, Nov 26 Chinese power generation group SDIC Power Holdings launched plans to offer global depositary receipts in London on Tuesday, saying it expects to complete the deal in December this year.