Talisman Advances Funds To Arakis, To Continue With Takeover
Talisman Energy Inc. announced on 31 August that it had lent Arakis Energy Corporationsome $22mn so that Arakis can pay its share of costs in the $1.4bn development of theSudan Petroleum Project (SPP), in which Arakis's wholly owned subsidiary State PetroleumCorporation owns a 25% stake. The move is widely seen as an indication of Talisman'scommitment to complete the purchase of the company....
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