Friday 30 September 2016

PETRONAS wants Out From Billion Dollar Canadian Gas Project .Another NAIL in Reach Energy's Coffin

When in doubt, it's best to follow the footsteps of the big boys. When it comes to investing in oil and gas, there is no bigger boy here, then the country's only fortune 500 company---- PETRONAS.
Petronas is now considering pulling out of the RM11 billion Gas project , due to murky outlook of oil and gas prices.
Reach Energy shareholders take cue from PETRONAS and vote TAK MAHU on the company's proposal to invest hundreds of millions into KHAZAKSTAN, which by the way is also delaying it's own mega oil projects.
Read : http://www.bnn.ca/malaysia-s-petronas-weighs-sale-to-exit-11-4b-b-c-lng-project-report-1.576769