BAHRAIN
Intoil Purchases Stake in American Oil Firm
Intoil, a newly established private Arab oil company, has purchased a stake in Arapaho Petroleum Incorporated of Colorado for a total price of $6.4mn. Under the terms of the deal, Intoil will pay a cash price of $3.725mn for 4mn newly issued common shares with warrants attached. Over the next three years the warrants entitle Intoil to purchase a further 3mn for a minimum price of $2.75mn (if exercised immediately) and a maximum...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!