This in today's Bus. Spectator may be of interest:Elsewhere to...

This in today's Bus. Spectator may be of interest:

Elsewhere to Australia's north, PTT Exploration and Production will announce a $US70 million acquisition of Stuart Petroleum's Oliver field, to be conducted in two stages. The deal, which will be revealed today, according to the AFR, will also see Moby Oil & Gas chairman Geoff Albers earn $US27.5 million through his private company Albers Group. Stuart, which currently operates the exploration fields, is best known as the company that's been in a trading halt for a month and has been the subject of takeover speculation from the likes of Santos, Beach Petroleum and Cooper Energy. PTT is best known as the company responsible for the disastrous oil leak that continues in the Timor Sea. PTT, owned by the government of Thailand, is otherwise building up its portfolio of assets in the Timor Sea. The AFR says that the Stuart acquisition could give it enough reserves to support a floating LNG plant of the type that Royal Dutch Shell and GDF Suez are already planning.

http://www.businessspectator.com.au/bs.nsf/Article/BREAKFAST-DEALS-Coal-deals-re-energised-pd20091026-X6SAP?OpenDocument