Petronas and Progress Energy Resources (PRQNF.PK -11.3%) say they plan to meet with Canadian...

|About: Progress Energy Res (PRQNF)|By:, SA News Editor

Petronas and Progress Energy Resources (PRQNF.PK -11.3%) say they plan to meet with Canadian officials to try to overturn the government's surprise move to block the Malaysian state oil company's bid. Petronas is "very serious" about proceeding with an acquisition, the country's energy minister says. "I'm sure they will do whatever needs to be done as a company."