Caledonia Bids Open with Tullow's Offer

Summary


TULLOW Oil, the dual-listed North Sea operator, revealed yesterday that it has bid for Caledonia Oil & Gas - the firm built up by former Tory energy minister Lord Moynihan.

Chief executive Aidan Heavy said the bid was part of a "general policy" of developing in the southern part of the North Sea, where Caledonia has stakes in six gas fields.

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Caledonia Bids Open with Tullow's Offer

Bids for the firm - recently put ...

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