are they in talks with bhp and shell?, page-2

22/03/09 12:47


sandybeachs
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just waiting for the approvals..????

SC63

But PNOC-EC’s joint venture partner, Australia-based Nido Petroleum (NDO.AX: Quote, Profile, Research, Stock Buzz), was also looking to sell part of its 50 percent stake in the exploration project and could unload up to 35 percent, PNOC-EC President Rafael del Pilar said.

“The new partner, if it wins both stakes, will have a controlling stake of 55 percent,” del Pilar told Reuters.

He said both Shell Philippines Exploration and BHP, the world’s biggest mining group, were also interested in Nido’s stake.

http://royaldutchshellplc.com/2008/11/13/bhp-shell-eye-stake-in-philippine-oil-gas-project/