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Shell Extends Offer For Cove Energy
online.wsj.com 3 days, 9 hours agoShell extended its offer for Cove Energy, buying time to consider its options after its bid for the Mozambique-focused prospector was trumped by Thailand's PTT Exploration & Production.
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Thai PTTEP Shares At 6-Month Low After $1.9 Billion Cove Bid
yahoo.com 4 days, 20 hours agoBANGKOK (Reuters) - Shares in Thailand's PTT Exploration and Production Pcl (PTTEP) fell more than 3 percent on Wednesday on concern about a possible capital increase after the oil and gas explorer offered $1.9 billion for Mozambique-focused explorer Cove Energy . At 0730 GMT, PTTEP shares were down 3.4 percent at a six-month low of 156 baht, while the broad Thai index was 1.1 percent lower. Cove has an 8.5 percent stake in the Rovuma project off northern Mozambique. ...


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