SAO PAULO, April 22 Shares of OGX Petroleo e Gas
Participacoes SA, the oil company controlled by
Brazilian billionaire Eike Batista, soared on Monday on reports
that the company is negotiating the sale of a 40 percent stake
to Russia's Lukoil.
The Folha de S.Paulo said on Sunday that negotiations were
at an advanced stage with Russia's second-largest crude producer
Lukoil, in a deal that would also involve Malaysia's Petronas.
OGX said in a brief press statement that the newspaper
report on the rescue plan was not accurate.
At 10:22 a.m. (1322 GMT), OGX shares were up 19.12 percent
to 1.62 reais, which would be their biggest one-day gain in