Source Pravda.Ru

Ensign Extends Closing Date For Australian Oil & Gas Bid

Ensign Resource Service Group Inc. has extended the closing date of its takeover bid for Australian Oil & Gas Ltd. to June 27 from June 13.

Earlier this month, Ensign increased its offer for AOG to A$2.30 a share and A$1.10 an option. The company also has offered to pay an extra 10 cents a share and option should it secure more than 50% of its target.

However, even this sweetened offer has since been eclipsed by a competing bid from Parker Drilling Co., which is offering A$2.50 a share and A$1.30 an option. In addition to Ensign and Parker, Precision Drilling Corp. has offered to buy AOG.

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Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
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