PTTEP Mozambique bid

PTTEP starts bidding war for Cove Energy

Thailand’s leading oil company goes head-to-head with Shell for control of African oil assets, but recent resource deals in Mozambique should give investors pause for thought.

<div style="text-align: left;"> Mozambique: trouble in paradise? </div>

Nick Lord

February 27, 2012

PTTEP has made an audacious bid to secure a foothold in the fast-growing African market by making a 220p a share offer for London-listed Cove Energy.

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