re: Ann: Dajing Production Sharing Contract S...
paragragh from the release:
"The PSC signed between the two parties requires regulatory approval in China and PetroChina will submit the PSC for required approvals following completion of the Arrow Demerger Scheme and Acquisition Scheme and the issue of a usual performance guarantee by Arrow. The Dajing block will be a key asset in China for the demerged Dart Energy Ltd."
I doubt we will receive the PSC if we reject the takeover. High price for Guanxi...
AOE Price at posting:
$4.89 Sentiment: Hold Disclosure: Held
