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The US treasury market reaches breaking point

The US treasury market reaches breaking point

The structural issue that could cause the world's market of last resort to grind to a halt

No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us

Monday, August 18, 2008

Swedish PA Resources buys 35% licence stake in Tunisian plant.





Swedish PA Resources buys 35% licence stake in Tunisian plant. Swedish oil company PA Resources agreed to buy a 35% stake in a Tunisian onshore exploration licence by paying for a share of seismic survey and drilling costs, the company said in a statement. Under the deal with Canadian oil and gas company Storm Ventures International, PA Resources will get a stake in the Jenein Centre exploration permit in the Ghadames Basin in southern Tunisia . The company will pay 70% of the cost for the acquired three-dimensional seismic survey and 70% of the coast for the first exploration well to earn its 35% licence stake. The new licence stake adds to PA Resources' existing portfolio in Tunisia, where it operates four producing fields and three exploration licences.







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