qatari fund buys heritage oil for $1.6 billion

Please read article below, heritige oil which is partners in many projects in Papau new Guiana with Kina has just been bought out overnight with a cash sale of $ 1.6 BILLION which was at a large premium of 25% above its current value......

If we include Santos, many large companies are doing all they can to get a piece of the PNG oil and gas PIE....

A re-rate is imminent

Quote from article :
"Al Mirqab is interested in accessing Heritage's growing oil output in Nigeria and its exploration portfolio which includes areas in Tanzania and Papua New Guinea".

The link is below for all to read

http://uk.reuters.com/article/2014/04/30/uk-heritageoil-mergers-idUKKBN0DG0K620140430