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RUBY1100

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Re: TheDane post# 170966

Friday, 07/17/2009 7:36:34 AM

Friday, July 17, 2009 7:36:34 AM

Post# of 361358
related - Marathon sells stake to Chinese for $1.3 billion

NEW YORK (MarketWatch) -- Marathon Oil on Friday said it's selling a 20% interest in the Angola Block 32 field off the coast of Africa to Chinese oil giants CNOOC International Ltd. and Sinpoec for $1.3 billion.

Marathon will continue to hold a 10% stake in Block 32, where the company has announced 11 successful exploration
wells.
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