The Australian Financial Review reported on 14 August 2014, two or three buyers are believed to be in a dataroom forPTTEP's Cash-Maple gas fields. According to the article, which did not cite its source, JPMorgan is running the sale process. The report noted that China's Hongfu Fund is thought to be one of the parties involved however, citing unnamed sources, PTTEP's majority owner, PTT, could be chosen. ConocoPhillips and Santos are believed to have been deterred by the sale structure, according to the report.
MEO Price at posting:
3.4¢ Sentiment: None Disclosure: Held