Philex Buying Shares of Forum Energy Partner

Philex Petroleum Corp. (PSE: PXP) said it might buy the stocks of minority shareholders in London-listed Forum Energy Plc., its partner for Service Contract 72 at the disputed Reed Bank in the West Philippine Sea.

Philex told the Philippine Stock Exchange that Forum Energy might cancel its listing on the London Stock Exchange’s Alternative Investment Market.

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Source: The Manila Times

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