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Petroleum International Investment Corporation

Nido recommends takeover

Nido Petroleum directors have unanimously recommended off market takeover bid by BCP Energy International, subsidiary of Thai oil refinery Bangchak, for 5.5 cents per share.

Ausdrill, Nido under halt, suspension

Shares in Ausdrill and Nido Petroleum have entered a trading halt and suspension respectively; with Ausdrill stating it will announce an impairment charge.

Thai BCP acquires interest in Nido

BCP Energy International has announced it will acquire over 400 million shares in oil and gas explorer Nido Petroleum from Abu Dhabi’s Petroleum International Investment Corporation (Ipic).