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Royal Dutch Shell (RDS.A -0.2%) is in talks with Anadarko (APC +2%) about a potential bid for...

Royal Dutch Shell (RDS.A -0.2%) is in talks with Anadarko (APC +2%) about a potential bid for APC's gas assets in Mozambique, Bloomberg reports. Shell began informal talks with APC about a deal for some or all of its 36.5% stake in the Rovuma-1 offshore gas fields, but APC is said to be reluctant to sell before further results of exploration in the area are known.
Comments (1)
  • Mike Walker
    , contributor
    Comments (342) | Send Message
     
    Walker discussed this at one of the recent analyst meetings.

     

    There would be Mozambique plus US tax on any sale - thus from an after tax standpoint, a muted impact.

     

    Also the comment that the southern portion of the lease had not been adequately explored, and may hold liquid hydrocarbons.
    18 Jul 2012, 11:00 AM Reply Like
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