VOL. XL
No. 16
21-April-1997
OMAN
IPC Sells Remaining Share In Bukha ConcessionTo Australia's Novus Petroleum
The Vancouver-based International Petroleum Corporation (IPC) announced on 15April that it had reached an agreement with Novus Petroleum Ltd. of Australia to sell to thelatter its wholly-owned subsidiary International Petroleum Bukha Ltd., with principal assets amountingto a 30% stake in the Bukha offshore concession in Oman, effective 1 March 1997. The agreed purchaseprice is $26.5mn...
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