The name of the company is Rocksource ASA. The company is a public limited liability company.
The registered office of the company is in Bergen. General Meetings may also be held in Oslo.
The object of the company is to carry out exploration for and production of oil and gas, among other by application of advanced technology, and all other activities that may reasonably be associated therewith, hereunder participation in other companies world-wide, including debt financing of subsidiaries and associates.
The share capital of the company is NOK 8,705,550 divided on 87,055,500 shares of a nominal value of NOK 0.10. The shares of the company shall be registered in the Norwegian Registry of Securities.
The company shall have a Nomination Committee consisting of three members who are elected by the General Meeting. The Nomination Committee shall make a proposal for the General Meeting of who shall be elected as members and as alternate members to the Board of Directors of the company and propose the remuneration for these members. The members of the Nomination Committee shall be elected by the General Meeting for a period of one year. Remuneration for the members of the Nomination Committee is to be decided by the General Meeting after proposal from the Board of Directors.
The Board of Directors shall have from 3 to 8 members according to the decision of the General Meeting. Two board members acting jointly can sign on behalf of the company.
The General Meeting shall deal with:
i) Adoption of the profit and loss account and the balance sheet
ii) Appropriation of the profits or covering of loss for the year in accordance with the adopted balance sheet, and payment of any dividend
iii) Election of the Board of Directors
iv) Other matters that pursuant to law are the business of the General Meeting.
If a document that relates to an issue that the General Meeting shall decide on is made available to the company's shareholders on the company's website, then such a document does not have to be physically sent to the shareholders of the company. However, such a document shall be sent to the shareholder free of charge if a shareholder requests it.
Shareholders that plan to attend a General Meeting have to give notice to the company within 5 days of the General Meeting. Shareholders who have not given such notice within 5 days of the General Meeting may be denied entrance to the General Meeting.