Wednesday, August 05, 2009

Shell to buy Heritage?

"Home Business Business News Shell to buy Heritage?
Shell to buy Heritage?

Sale of Heritage Uganda assets to Shell more likely

The oil exploration sector is rife with takeovers and speculation at the moment, and traders are currently hearing of another possible bid, Royal Dutch Shell for Heritage Oil.

Initially, the value of Heritage shares rose over the news but the wrinkle is that Heritage has already agreed to a merger with Turkey’s Genel Energy."

More:Shell to buy Heritage?