Thai energy explorer outbids Shell in East Africa

In Energy on 26/05/2012 at 6:29 am

 The oil and natural gas exploration company Cove Energy has accepted a $1.91 billion takeover offer from PTT Exploration and Production of Thailand, which trumps a rival bid from Royal Dutch Shell.

Our SWFs didn’t do extractive industries presumably because one LKY didn’t understand “miners”, he said a few yrs ago, explaining why GIC didn’t go into miners in a big way to ride the commodities boom.

  1. One has Limitation, it is not that one knows everything. But if one blunders one must repent and reinstate and apologise. But some just do agree they have blundered and make it worst, and that is bad, very bad.

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