BRIEF-Valeura Energy - Execution of definitive agreements for Statoil farm-in on Banarli licences in Turkey
Aug 19 (Reuters) - Valeura Energy Inc
* Valeura announces execution of definitive agreements for Statoil farm-in on Banarli licences in Turkey
* Agreements include a farm-in agreement, a joint operating agreement to apply post-earning and a number of ancillary agreements
* Says unit, Corporate Resources B.V. has executed definitive transaction documents with Statoil Holding Netherlands B.V.
* Statoil has option to earn a 50% participating interest in deep formations on Banarli licences
* Statoil can earn participating interest by investing in exploration program that includes payments, carried costs of at least $36 million
* Says Valeura will receive US$6.0 million at closing as a contribution to past exploration costs incurred on Banarli licences Source text for Eikon: Further company coverage:
© Thomson Reuters 2016 All rights reserved.