China's CITIC Group had to give - an option on a 50 per cent interest in it's Kazakhstan oilfield (see below). What will MHL have to give away to keep the locals happy?
"China’s CITIC Group bought the oil assets of Canada’s Nations Energy Company and granted KazMunai-Gas, Kazakhstan’s state-owned oil company, an option on a 50 per cent interest in the assets.
CITIC’s bid for Nations Energy’s Karazhanbas oilfield had been opposed by some in the former Soviet Central Asian republic, and the option for KMG may have been one way to win approval from Kazakhstan’s regulatory authorities."
You probably stand a better chance at the racetrack, - happy MHL punters.
MHL Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
