| 12.11.2008 - Takeover green light powers Imperial Energy |
| From Guardian: With sentiment again dominated by thoughts of recession, Russia-focused Imperial Energy bucked the downward trend despite the tumbling crude price. The oil explorer's shares have been volatile in recent days as investors fretted whether ONGC would proceed with its £12.50-a-share bid. With oil more than halving since the bid was unveiled in August, there was concern the Indian bidder might try to renegotiate terms..... Full Article: Source |