News

29 March 2017:

HitecVision and Point Resources announce the acquisition of ExxonMobil’s operated business in Norway

HitecVision and its majority owned portfolio company Point Resources are pleased to announce the signing of an agreement to acquire ExxonMobil’s operated upstream business in Norway from ExxonMobil Exploration and Production Norway AS.

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16 January 2017:

Point Resources awarded 5 licences in APA 2016

Point Resources is pleased to announce that it has been awarded 5 new production licences on the Norwegian Continental Shelf as part of Norway’s Awards in Predefined Areas (APA) 2016 licensing round.

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04 November 2016:

Pil & Bue concept selection

Point Resources is pleased to announce that the partners in the Pil & Bue discoveries have concluded that a subsea installation tied back to the Njord platform is the preferred development solution. In the process leading to the final selection the licence partners matured three equally competing concepts.

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11 July 2016:

Brasse side-track well confirms significant oil and gas discovery

Point Resources is pleased to announce the completion of a successful side-track appraisal well on the Brasse discovery in licence PL740 in the Norwegian North Sea, where the Company holds a 50% interest, confirming a significant oil and gas discovery.

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Building on Success

Point Resources at a Glance

Point Resources has an exciting portfolio of assets and visibility for significant production growth in its current portfolio.

High focus on Responsibilities

Point Resources believes that a strong focus on corporate citizenship responsibilities is critical to the Company's success.

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