BN 08/09 05:52 *AFREN ADMINISTRATORS START SALE OF COMPANY'S ASSETS, TIMES SAYS
Afren Administrators Start Sale of Explorer’s Assets, Times Says
2015-08-09 07:42:16.290 GMT
By Namitha Jagadeesh
(Bloomberg) -- Adviser Blackstone hopes to sell Afren’s
biggest assets by end of the month, Sunday Times reports.
* Administrators hope to find buyer for Ebok field, which has
tax breaks accrued from $1.8b spent to build it
* NOTE: Afren board took co. into administration July 31 after
failing to restructure bonds
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To contact the reporter on this story:
Namitha Jagadeesh in London at +44-20-3525-3596 or
njagadeesh@bloomberg.net
To contact the editor responsible for this story:
Cecile Vannucci at +44-20-3525-7032 or
cvannucci1@bloomberg.net
2015-08-09 07:42:16.290 GMT
By Namitha Jagadeesh
(Bloomberg) -- Adviser Blackstone hopes to sell Afren’s
biggest assets by end of the month, Sunday Times reports.
* Administrators hope to find buyer for Ebok field, which has
tax breaks accrued from $1.8b spent to build it
* NOTE: Afren board took co. into administration July 31 after
failing to restructure bonds
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Namitha Jagadeesh in London at +44-20-3525-3596 or
njagadeesh@bloomberg.net
To contact the editor responsible for this story:
Cecile Vannucci at +44-20-3525-7032 or
cvannucci1@bloomberg.net