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Crinan discoveries

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Knox Energy Solutions: KNOX - FINAL AGREEMENT SIGNED WITH INPECTOR

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By Corné Melissen, Tom Kristiansen, Crinan discoveries
| MFN.se
Knox Energy Solutions AS (“Knox”) will in exchange for 50% of the equity in the company, receive 12.5% ownership of Inpector and USD 1.2 mill in cash to be used as working capital in a transaction valued at USD 11.5 million, equivalent to NOK 15.24 per share. Knox has signed definitive agreements with Inpector Capital B.V. (“Inpector”), who fully owns Scimitar Production Egypt Ltd (“Scimitar”), the operator of a sizeable producing oil field in Egypt’s eastern desert c. 300 km south-east of Cairo.
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