Paladin Completes Sale of Njord Field in the Norwegian North Sea

Paladin's subsidiaries, Paladin Resources Norge AS and Paladin Resources (Norway) Limited, have completed the sale to E.ON Ruhrgas Norge AS, a wholly owned subsidiary of E.ON Ruhrgas AG, of their 15 percent fixed unitized interest in the Njord Field and associated licence interests located in the Norwegian sector of the North Sea. The cost of the transaction was US $90 million.
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