GAIL (India) Limited response to press speculation regarding Cove Energy plc

Wednesday, February 29, 2012
 
  • Contemplating joint participation in the formal sale process being run by Cove Energy Plc.

In respect of the recent press speculation regarding Cove Energy Plc., GAIL confirms that GAIL in association with its partner ("Consortium") is contemplating joint participation in the formal sale process being run by Cove Energy Plc. However Gail clarifies that at this stage, no decision has been made by the Consortium whether to make an offer for Cove or the price at which any such offer may be made. Therefore, there can be no certainty that the Consortium will make an offer for Cove, or as to the terms of any offer. However, if an offer for Cove were to be made by the Consortium, it would be made in Cash.


Join 80,000 oil and gas professionals who receive our weekly newsletter.

You may unsubscribe at any time with one click.

Article Tags

GAIL India Cove Energy India Asia Far East Acquisitions & Mergers Finance


This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More


Related News


Upcoming OilVoice Training Course

An Introduction to Shale Gas (& oil) for Non-Geoscientists
The seminar is designed to provide an introductory overview of shale gas (& oil) exploration and production for financial analysts, bankers & lawyers familiar with the topic but lacking any formal education in it. It assumes little prior geo-scientific knowledge. After attending this seminar...
London - 24 Mar


Trainer
Richard Selley

Cost
£500

Discount Code
OilVoice-10 for 10% off any course.View Course

All OilVoice Training Courses
Popular Headlines View all
Latest Opinion View all
Join 80,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Create profile
OilVoice Training All upcoming

About

OilVoice, established in 2002, is your leading source of upstream news, jobs and industry information.


Newsletter

Each week we send our weekly industry round-up. Why not try it? You may unsubscribe at any time.

Contact OilVoice

Milton Keynes
United Kingdom
Phone: +44 207 993 5991
Contact Us


Stay Connected


2015 © OilVoice  .  Privacy Policy  .  Terms of Service  .  Oil Careers  .  Advertise with us