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BN 04/03 09:12 *GENEL TO BUY BLOCK 38 INTEREST FROM CHINA SONANGOL FOR $59M BN 04/03 09:12 *GENEL: 15% WORKING INTEREST IN BLOCK 39 TO BE BOUGHT FOR $222M BN 04/03 09:10 *GENEL TO FUND SHR OF PURCHASE, DRILLING COST VIA CASH BALANCES BN 04/03 09:10 *GENEL: INTERESTS WILL BE BOUGHT THROUGH 2 SEPARATE TRANSACTIONS BN 04/03 09:10 *GENEL, WHITE ROSE TO BUY 15% WORKING INTERESTS IN BLOCKS 38,39 BN 04/03 09:10 *GENEL ENERGY GENL PURCHASE OF INTERESTS OFFSHORE ANGOLA
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Genel, White Rose to Buy 15% Working Interests in Angola Blocks 2014-04-03 09:13:16.40 GMT
By Gaurav Panchal April 3 (Bloomberg) -- Genel Energy, White Rose Energy Ventures to acquire 15% working interests in Blocks 38 and 39 offshore Angola. * Blocks 38, 39 are in Kwanza Basin, cover an area of c.14,000 sqkm in water depths of 1,500-2,500m * Interests to be acquired via 2 separate transactions * In each transaction, a 15% working interest will be acquired by a 50/50 Genel/White Rose joint venture company * Statement, blocks’ stakes details: {NSN N3G6SS3HBS3K <GO>} Link to Company News:{0517081D LN <Equity> CN <GO>} Link to Company News:{STL NO <Equity> CN <GO>} Link to Company News:{GENL LN <Equity> CN <GO>}
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To contact the editor responsible for this story: Gaurav Panchal at +44-20-7392-0511 or gpanchal2@bloomberg.net