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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
At this price? Fusion Oil & Gas
The western coast of Africa is one of the hottest spots in the global oil industry. Drilling that starts off in Mauritania this Friday could decide whether that bonanza extends further North. Fusion Oil & Gas, a tiny company brought to the Alternative Investment Market in September, has a 6% stake in two wells to be drilled by Woodside Petroleum, the Australian group that is at present the target of a hostile takeover by Royal Dutch Shell. Alan Stein, the managing director of Fusion, is bullish about prospects for Mauritania, hinting that seismic surveys of the area have been promising.
News Item details
Websites:
http://www.guardian.co.uk
Keywords: Drilling - Investment - Mergers and Acquisitions
Countries: Mauritania -
Organisation: Fusion Oil & Gas plc|Shell/Royal Dutch|Woodside Petroleum
Subjects: Geophysics, Economics, business and commerce, Oil and gas extraction, Crude oil, Oil, Primary energy production
