First Calgary Petroleums Releases Statement About Asset Sale
First Calgary Petroleums notes comments attributed to ONGC Videsh Ltd ('ONGC') in the media.
On April 16th First Calgary announced that it had received a number of proposals for the company or its assets and that it would be engaged in discussions regarding these proposals over the next few weeks. This continues to be the case.
Contrary to comments attributed to ONGC, First Calgary is in discussion
with a number of parties. These discussions are progressing well and First
Calgary intends to make an update announcement within the next two weeks.
- Eni Closes Acquisition of First Calgary (Nov 21)
- First Calgary Receives Approvals for Eni's Takeover Transaction (Oct 30)
- Oil Majors Set to Gain As Smaller Rivals Struggle (Oct 23)