Monday, December 22, 2014

Afren gets preliminary approach from Nigeria's Seplat

(Reuters) - Oil producer Afren Plc said it had received a preliminary approach from Nigerian oil and gas explorer Seplat Petroleum Development Co Plc. Seplat has until Jan. 19 to make a firm intention to make an offer, Afren said in a statement on Monday. Shares in the company surged as much as 22 percent to 58 pence on Monday morning on the London Stock Exchange. Seplat's London-listed shares rose 10 percent to 112.43 pence. ...



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