• Bangchak Petroleum has acquired majority ownership in Nido Petroleum pursuant to its US$105.1 million (A$112.8 million) offer for the Philippines-focused explorer. Bangchak has therefore declared its Nido offer free of conditions and extended the time for acceptance of the offer to October 3. Bangchak needs to control 90% of outstanding shares to move to compulsory sale by the remaining shareholders. Nido had Q2 working interest production of 2,020 bopd, mostly attributable to its......
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