COMPANY NEWS: Ensign unit gains majority interest in AOG

07/22/2002
Ensign (Australia) Holdings Pty. Ltd., a unit of Ensign Resource Service Group Inc., Calgary, has gained majority ownership of more than 50% of the shares of Australian onshore drilling contractor Australian Oil & Gas Corp. Ltd. (AOG) in a bid that values AOG at $175 million (Aus.) on a fully diluted basis. The Ensign unit's final bid for AOG of $2.70 (Aus.)/share made on July 11 is an increase over its July 4 bid price of $2.60 (Aus.)/share.In other recent company news:PTT Exploration & Production PLC (PTTEP) said it plans to acquire certain upstream petroleum assets, mainly onshore, in Iran, Oman, and Bahrain.EnCana Corp. said it is seeking prospective buyers for its interests in tw...
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