NEW! Investment Companies Centre

First Calgary receives a number of proposals

Related Companies

  • Oil & Gas Producers

    • News for Spread Betters

    PreviousPrevious
    NextNext

    There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

    Get full details about Marketmaker:Investor Edition here. Advertisement

    Date: Thursday 04 Sep 2008

    LONDON (ShareCast) - First Calgary, the oil and gas company that specializes in Algeria, said it has received a number of proposals, which could lead to the sale of the company or a major asset disposal.

    “The company has received proposals from third parties relating to the sale of the company or a significant asset disposal. The company is in discussions with these parties,” it said late Wednesday.

    The group said it made the announcement in response to the recent volatility in its share price and speculation of a potential sale, which saw shares surge on Wednesday.

    It added that no agreement has been reached yet and there can be no assurances that the discussion will lead to the sale of the company.

    Digital Look have been voted
    "Best Research and Information Provider"

    4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
    Registered in England and Wales (registered no. 3678570).