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india poised ...

  1. cat lady
    745 Posts.
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    03/03/12
    19:25
    Post #: 9788826
    to make a major acquisition in US. In today's afr it said that Oil & Natural Gas Corporation, India's biggest energy explorer is about to announce an agreement to buy it's first shale gas asset in the US and plans to spend at least $1 billion on purchases - "real soon now".

    should be interesting to see if this sets another small fire under the shale gas plays in the US much as BHP did.

    cheers
    cat lady
    RFE Price at posting: $1.03 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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