Malaysia's Sona Petroleum Berhad referred Tuesday to the announcements dated June 5, June 25, July 21 and Aug. 29 in relation to the Proposed Transaction (regarding the acquisition of a 40 percent stake in Block B8/38 -- which contains the producing Bualuang field -- and the G4/50 exploration concession in the Gulf of Thailand) with Salamander Energy Plc.
On behalf of Sona Petroleum, CIMB Investment Bank Berhad and RHB Investment Bank Berhad wish to announce that:-
Sona Petroleum has taken cognizance that the Announcement stated, inter-alia, that “subject to the outcome of the ongoing negotiations described above, the board of directors of Salamander continues to believe that completion of the Sona Transaction is in the best interests of its shareholders."
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