Eivind Reiten Quotations

We are primarily buying an exploration company - with huge exploration area compared to the actual production,

We believe that the deepwater potential in the Gulf of Mexico is considerable,

Businesses or factories where we cannot restore profitability to an acceptable level will be closed or sold.

Having paid for these assets we'll still remain within the long-term gearing target the board has set.

We need regulatory clearance which we do not expect to be a problem.

I would not like to see women coming into my board where there is a clear suspicion they are there because of a legal framework and not because of their competence.

We need to expand outside Norway given that the Norwegian continental shelf won't be able to deliver the growth we need,

We haven't ever before seen such sharp increases in costs as over the past two years. It's more than $200 per ton. It has to do with rising energy costs, with rising alumina costs. This increase puts pressure on the weakest smelters.

Credibility takes years to build, but a few hours to destroy.

Demand for energy will double in the next decade. Energy supply is fundamental to societal value.

a very important step in our growth strategy.