VOL. XXXVIII
NO. 32
8-MAY-1995
Oman
Australia's Novus Petroleum To Acquire 10% Stake In Bukha Concession
The International Petroleum Bukha Ltd. (IPBL) the Oman-based subsidiary ofthe Vancouver-based International Petroleum Corporation (IPC) announced on 3May that its has agreed to sell a 10% equity interest from its holdings inOman's Bukha offshore concession to a newly-formed Australian firm, NovusPetroleum Ltd., while retaining a 30% interest in the concession. NovusPetroleum will pay $10mn for...
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