Altinex: Open to Eventual Merger Talks with Noreco

Altinex ASA's board on Friday acknowledged Noreco's recent share transactions and offer, along with its revealed intention of merging with Altinex.

The board pointed out that information from its Huntington well in the UK should be disclosed to the market in the near future. After that point, the board indicated that it would be open to a dialog with Noreco concerning an eventual merger.

Altinex's board also reiterated its opinion that the going Altinex share price in the market undervalues the company.