Thai firm knock out BP/ Shel lto enter east Africa exploration industry

[mwathai]

Thailand's PTT E&P is poised to enter the east African LNG exploration industry if she pays some US$1.9 billion to takeover of Cove Energy Plc. after Royal Dutch/Shell bowed out of a five-month bidding war. PTTE&P had outbid Shell/BP by more than $300 million.
EAER Briefs: Thai Firm to enter east Africa's exploration industry