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    CARBN   NO0010778095

CARBON TRANSITION ASA

(CARBN)
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Carbon Transition announces new Utsira multi-client late sale

12/22/2021 | 01:01am EDT
Oslo, 22 December 2021Carbon Transition ASA is pleased to announce that the company has entered into a
new USD 1.37 million multi-client seismic data licensing contract with an
undisclosed customer. This follows the total net USD 4.2 million license
agreements announced on 3 December 2021 (link:
https://newsweb.oslobors.no/message/548467) and on 14 December 2021 (link:
https://newsweb.oslobors.no/message/549260). 

Under the contract, the customer will license certain data from Carbon
Transition's Utsira multi-client
library in Norway. The agreement represents revenues of approximately USD 1.37
million to Carbon
Transition on a net basis. This means Carbon Transition in total has sold a net
of USD 5.57 million from the Utsira multi-client library in the month of
December 2021.

The combined sales in December will strengthen Carbon Transition's balance sheet
with approximately USD 5.57 million.
 
For further information, please contact:
Nils Haugestad, Interim CEO & CFO
nils.haugestad@carbn.no
+47 977 04 439


About Carbon Transition ASACarbon Transition ASA ("CARBN") is an investment company listed on Euronext
Expand. CARBN has a strategy to invest in companies and technologies which
contribute to significant reductions of carbon emissions. The company may also
invest more broadly in the "energy transition" space. CARBN has a legacy seismic
business operating under the name Axxis Geo Solutions, with both an ocean-bottom
seismic contract business and a multi-client data library.

More information on www.carbn.no.

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

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials (USD)
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 27,7 M 27,7 M -
EV / Sales -1
EV / Sales 0
Nbr of Employees 9
Free-Float 41,2%
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Managers and Directors
Nils Christian Haugestad Chief Executive & Financial Officer
Bjorn Gisle Gronlie Executive Chairman
Rick Dunlop Executive Vice President-Operations
Nina Skage Director
Torstein Sanness Director