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Ocean GeoLoop: Financial results for the first half of 2022

Ocean GeoLoop reported revenues in the first half of 2022 of NOK 48.5 million, up from NOK 0.3 million in the corresponding period last year, mainly following the acquisition of Energi Teknikk. The company continued the planned investments in technology development and in the carbon capture pilot plant, resulting in a negative pre-tax profit of NOK 50.6 million (-28.2). The company had a cash position of NOK 108 million at the end of the quarter, prior to the subsequent private placement of approximately 100 million towards Chevron.

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Ocean GeoLoop AS: Publication of information document

The attached information document has been prepared by Ocean GeoLoop AS with ticker code “OCEAN” solely for the use in connection with the admission to trading of all its shares on Euronext Growth Oslo. First day of trading in the Company’s shares on Euronext Growth will commence today on 8 March 2022.

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