RAK Petroleum plc [RAKP.OL] Stock Forecast

RAK Petroleum plc operates as an oil and gas investment company. The company produces and sells oils, gas, and natural gas liquids. As of December 31, 2021, the company primarily had a 44.94% interest in DNO ASA that maintain gross operated production of 108,700 barrels of oil per day through 90 licenses comprising 2 licenses in the Kurdistan Region of Iraq; 73 offshore licenses in Norway; 11 offshore licenses in the United Kingdom; two offshore licenses in the Netherlands; one offshore license in Ireland; and one onshore license in Yemen. It also holds a 33.33% interest in Foxtrot International LDC, which operates two licenses in Côte d'Ivoire, including Block CI-27, an offshore license comprising four producing gas fields with associated oil and condensates in Foxtrot and Mahi; and Block CI-12 offshore exploration licenses. The company was founded in 2005 and is based in Worthing, the United Kingdom.