VOL. XLI

No. 34

24-August-1998

SUDAN

Talisman Acquires Arakis, Takes Stake In Sudan Oil

The Canadian firm Talisman Energy Inc. announced on 17 August that it had entered intoan agreement for the acquisition of all the outstanding shares of Arakis EnergyCorporation in a stock swap valued at $192mn. Through this transaction, Talisman willindirectly acquire State Petroleum Corporation, a wholly-owned subsidiary of Arakis whichowns a 25% interest in the joint venture operating the Heglig and Unity...