Posts Tagged ‘PTT Exploration’

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.