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Turcas Petrol to merge with its unit Turcas Elektrik Üretim via acquisition

8:55am EST

Turcas Petrol : Says to merge with 99.99 percent owned indirect subsidiary Turcas Elektrik Üretim via acquisition with an aim to effectively manage subsidiaries portfolio and financial resources within the group and enhance resource optimization .More effective and active hedging mechanism is aimed with this merger transaction via reclassification of foreign currency denominated long term investment loans within the group under the same balance sheet of the Company, which has foreign currency denominated revenues.

Santos announces 2016 fourth quarter activities report

Thursday, 19 Jan 2017 05:25pm EST

Santos Ltd : 2016 fourth quarter activities report . Q4 sales 21.9 mmboe versus 17.2 mmboe last year . Q4 production 15.0 mmboe versus 14.9 mmboe last year . 2016 sales volumes of 84.1 mmboe were above upper end of guidance (81-83 mmboe) . Annual capital expenditure US$625 million, down 51% and below guidance . FY production of 61.6 mmboe was towards top end of guidance (60-62 mmboe) . Qtrly sales revenue US$753 million versus US$596 million last year . FY upstream production costs of US$8.50/boe and capital expenditure of US$625 million were both below guidance .Santos expects 2017 sales volumes to be in range of 73-80 mmboe and production to be in range of 55-60 mmboe.

Chinese Energy Holdings says indirect unit signed sale and purchase agreement

Wednesday, 18 Jan 2017 09:18am EST

Chinese Energy Holdings Ltd <8009.HK>: On 18 January 2017 purchaser entered into sale and purchase agreement with vendor and guarantor . Deal for HK$160 million .purchaser is All Profit Limited, guarantor is All Champion Holdings Limited.

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