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DNO International plans C$216.8 million offer for Calvalley Petroleum
July 5, 2012 / 9:11 PM / in 5 years

DNO International plans C$216.8 million offer for Calvalley Petroleum

(Reuters) - Norwegian oil and gas company DNO International ASA (DNO.OL) plans to offer C$216.8 million in cash to Calvalley Petroleum Inc CVIa.TO to add reserves in Yemen.

DNO said it plans to offer C$2.30 per class A common share of Calgary-based Calvalley.

Reporting by Shounak Dasgupta in Bangalore; Editing by Don Sebastian

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