the final word on valuation, page-8

  1. 143 Posts.
    Yes I agree that they need to release more information and I wouldn't be surprised if they do on Monday morning.

    There were a number of media reports in Australia and HK about the deal after it happened... below is one with an exerpt as well.

    http://www.forbes.com/2008/03/07/aed-oil-sinopec-markets-equity-cx_jc_0307markets04.html

    HONG KONG - China’s largest refiner, the fully- state owned China Petrochemical Corporation, more commonly known as Sinopec Group, is playing a salvage role in the case of troubled Australian oil producer AED Oil. Sinopec has agreed to pay 600 million Australian dollars ($594 million) to take a 60% stake in its oil-producing properties.

    Who knows, perhaps the reporter made an assumption or perhaps he contacted someone at Sinopec.
 
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