10 June 2025: Reference is made to earlier communication by BlueNord ASA
("BlueNord" or the "Company") related to the Tyra Completion Test. Based on
demonstrated achieved production, and oil production above expectations,
BlueNord is pleased to announce that the Tyra Completion Test has successfully
been met under the RBL banks' requirements.
Following 7 months of observed production, the Tyra Completion Test has been
assessed using parameters that better reflects the underlying performance of the
Tyra facilities, accounting for both oil- and gas production, as well as ramp-up
period related to the facility availability.
With the Tyra Completion Test met, the Company expects to shortly declare the
USD 253 million cash distribution, expected to be paid as a return of paid-in
capital.
This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.
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Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com
About BlueNord ASA
BlueNord is a strategically important European oil and gas company that
specialises in producing and developing energy resources, and in activities
which support the energy transition. The Company has a 36.8 percent interest in
the Danish Underground Consortium (DUC) that is responsible for oil and gas
production in the Danish North Sea. BlueNord is listed on the Oslo Stock
Exchange and trades under the ticker "BNOR". For further information, please
visit: www.bluenord.com.