According to announcement, petrifaction international exploration will use cash to pay this to trade directly in. This project had won Chinese government and the approval of concerned branch.
As we have learned, as a result of crop of initial stage of Puffin oil field under anticipate, make AED cash have enough to meet need difficult, this company must search oil field of an investor share, with acquiring imperative cash reserve in a bank. The message says, AED says in the announcement that issued on March 7, in already was located in its asset of oil field of Australian northwest ministry 6 into share, exploration of international of the petrifaction in selling. Trade at that time involved capital fund includes Puffin oil field and Talbot oil field, appraisal of two oil field is 1 billion bay yuan. According to bilateral agreement, the operation of these asset just will be in charge of in.
In a statement that published 2007, AED expresses to be before March 31, 2008, need pay off about 57 million bay yuan debt. Sell capital gains fund this, will use at pay off debt and investment other business.
According to media the exposure before this, the investment of cost of first phase project of Puffin oil field below AED banner already exceeded 160 million bay yuan. From last year in October since put into production, petroliferous quantity is in this oil field all the time day all 6000~10000 bucket, under what anticipate so daily 30 thousand pails of crop.
The data shows, petrifaction international exploration held water in January 2001 in, register capital 600 million yuan of RMBs, the exploration of resource of abroad oil natural gas develops the petrifaction in be opposite and overseas investment and project execute centralized management, it is medium petrifaction group is engaged in upper reaches what overseas investment manages is exclusive specialization company. This company project pervades and other places of Si Tan of Angola, Kazakstan, Russia, Saudi Arabia, Yemen, Nigeria. -- news source: Zhejiang blessing peaceful valve limited company