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Anadarko Petroleum (APC -0.6%) and South Africa's PetroSA sign a farm-in deal for oil and gas...

Anadarko Petroleum (APC -0.6%) and South Africa's PetroSA sign a farm-in deal for oil and gas exploration in blocks off the coast of South Africa. APC says it likes the country because it offers frontier acreage and the potential to grow a business if the exploration work proved successful. APC will hold an 80% in the blocks and will serve as operator.
Comments (3)
  • So we add to the legal risks in the US the risk of dusters at the SA-coast. On the other hand finding economical viable wells would create massive upside.
    17 Aug 2012, 03:42 PM Reply Like
  • Tough to bet against the exploration team at APC. Mozambique - huge plus the very interesting Paon discovery offshore Cote de Ivorie.
    19 Aug 2012, 09:35 AM Reply Like
  • I wouldn't short APC and indeed I hold a small number of APC-shares. But there is much risk now in this stock.

     

    A bad news from the court room or a duster in South Africa and APC might take hard hits.
    20 Aug 2012, 06:26 PM Reply Like
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