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FUSION RESOURCES ACCEPTS OFFER FROM PALADIN ENERGY
PERTH - Directors of Queensland-focused mineral explorer Fusion Resources Ltd (ASX:FNS) have accepted an all-scrip takeover offer by uranium miner Paladin Energy Ltd (ASX:PDN) in respect of their personal shareholdings.
Paladin made the offer of one of its shares for every six Fusion shares held on December 2, valuing the target at $A17.8 million ($US12.65 million) at the time, which was swiftly recommended by the target's board.
TASHKENT PETROL BUSES TO BE RETIRED IN FAVOUR OF DIESELS
TASHKENT - Toshshahartranshiznat (Tashkent city transport service) Association plans to retire all buses that use petroleum due to high fuel prices, and resort to diesel vehicles instead.
One tonne of petroleum is higher by 26.5 per cent than the same amount of diesel fuel.
NORWAY'S ROXAR GOES INTO PARTNERSHIP WITH UNIVERSITY IN BANDUNG
JAKARTA - Roxar ASA, a technology solutions provider to the upstream oil and gas industry, has completed a highly successful 2008 in the Asia Pacific region, according to Roxar's press statement received here by e-mail on Wednesday from Stavanger, Norway.
Roxar has also been using its success to invest back into the region, transferring knowledge and growing and nurturing talent in Asia Pacific's oil and gas industry.
PETROL PUMPS STAY OPEN DESPITE DEALER STRIKE
NEW DELHI - Dealer-operated petrol pumps across India will be open for business as usual Thursday, even as officers of state-owned oil companies plan to strike work.
"We support all genuine demands of Oil Sector Officers Association who are going on strike from tomorrow morning. But we are not joining them. Our petrol pumps would remain open," Federation of All India Petroleum Traders General Secretary Ajay Bansal said.
CITIC COMES THROUGH FOR APACHE, SANTOS DEVILS CREEK GAS CONTRACT
PERTH - The revival of Santos Ltd (ASX:STO) and Apache Energy Ltd's Devil Creek gas project off Western Australia (WA) has been assured with a foundation gas supply contract less than a month after talks with the customer collapsed.
The A$850 million (US$614.8 million) project, which will use gas from the Reindeer field, was mothballed on December 8 after contract negotiations with an unnamed customer - now known to be CITIC Pacific Mining - fell over.
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