As Royal Dutch Shell (RDS.A +0.8%) buys time to consider its response to PTT's bid for Cove...

|About: Royal Dutch Shell plc (RDS.A)|By:, SA News Editor

As Royal Dutch Shell (RDS.A +0.8%) buys time to consider its response to PTT's bid for Cove Energy (CNVGF.PK), it must choose whether to make further divestments and/or delay its Australian LNG interests to pursue its Mozambique ambitions. RBC says PTT's offer values Cove's stake in a major gas field off Mozambique's coast at $3.4/boe vs. a normal valuation of $2.5-$3/boe for such assets.