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Thursday, November 30, 2006 7:12:55 PM
Positive indications to consider from the news article
On a day when
two much smaller companies both with activities concentrated in Africa became
the subjects of takeover offers, it was interesting to note that majors and
large independents alike are focussing their growth plans increasingly on
Africa. UK minnow BowLeven said Wednesday it has approached FirstAfrica Oil
with an all-share takeover offer in a bid to grow its West African upstream
assets, while Equator Exploration another, similar-sized UK company exploring
in Nigeria and Sao Tome, said it was considering an unsolicited takeover bid
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