Following a period with strong focus on internal improvements to operations and company structure Araca is now entering into a phase where it also is actively looking for acquisition opportunities to grow the company further. The most relevant targets are quality late stage development or producing onshore oil & gas assets with low committed capital expenditure. Araca is also open to owning the right assets in a partnership structure and may also evaluate related oil & gas business if accretive to its shareholders.

Interested parties may contact:

Harald Sætvedt
CEO
E-mail: hs@araca.no
Phone: +47 911 37 234