Sequa Petroleum N.V. (ENXTPA:MLSEQ) is seeking acquisitions. It announced that its 100% subsidiary Tellus Petroleum AS has now received NOK 358 million from the Norwegian tax authorities in relation to its cessation of E&P activity in Norway. The management expects that debt restructuring and possibly new equity and/or debt funds will enable the Company to progress selected high quality appropriately sized acquisition targets of production and development assets elsewhere that are value-accretive and provide cash flow.