ERHC Energy Inc (ERHE)

[doug c]

Now this IS interesting:

Chinese pair join West Africa asset sale

By Upstream staff


China National Overseas Oil Corporation (CNOOC) Ltd and Sinochem are preparing separate bids for the West African oil and gas assets of US company Devon Energy, in a deal valued between US$1.5 billion and US$2 billion, according to a local media report.

Other interested parties include the UK's Tullow Oil, India's Oil and Natural Gas Corporation (ONGC) and Canada's Addax Petroleum, the South China Morning Post said today, citing unnamed sources.

Devon will provide detailed data on the assets to interested parties next week, and bids are expected in early July, the paper said.


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20 April 2007 01:41 GMT | last updated: 20 April 2007 01:48 GMT
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