Hunter Group ASA - CFO steps down

The board of directors has received a notice from Ola Beinnes Fosse that he will resign from his position as CFO.

Ola Beinnes Fosse will fulfil his obligations as CFO during the termination period mutually agreed with the Board of Directors.

"Ola has been with the Company for a little less than a year and has managed to make a positive impact during the cooperation. I’m especially grateful for Ola´s contributions with respect to the restructuring of Badger, streamlining the accounting and reporting functions and support to Dwellop. Ola has also been instrumental in obtaining construction financing for the potential WOR contract for Dwellop and restructuring of IKM Subsea & Technology’s balance sheet as part of the transaction that now has been withdrawn. On behalf of the Company, I want to express my thanks to Ola for his efforts and wish him success in his future endeavours," says Vegard Urnes, Interim Chief Executive Officer.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


About Us

The Badger Explorer is a technology for exploring and mapping hydrocarbon resources. The tool is equipped with logging sensors and communication solutions. The tool drills into and buries itself in the underground. It operates at a lower risk, lower costs and less complexity than a drilling rig.