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                    [ArticleID] => 322097
                    [Title] => UK-based firm to acquire Basic Petroleum for $17M
                    [Summary] => In line with its plan to further fortify its oil exploration and development assets in the Philippines, Forum Energy Plc. (FEP), an oil and gas company registered in the United Kingdom, will acquire Basic Petroleum and Mining Inc. (BPMI) for $17 million.


FEP and BPMI signed Wednesday an agreement covering the acquisition by the former of the 100 percent shareholdings of Basic Consolidated Inc. (BCI) in BPMI, representing 50 million shares.


                    [DatePublished] => 2006-02-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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MATINLOC AND PANDAN

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                    [ArticleID] => 322097
                    [Title] => UK-based firm to acquire Basic Petroleum for $17M
                    [Summary] => In line with its plan to further fortify its oil exploration and development assets in the Philippines, Forum Energy Plc. (FEP), an oil and gas company registered in the United Kingdom, will acquire Basic Petroleum and Mining Inc. (BPMI) for $17 million.


FEP and BPMI signed Wednesday an agreement covering the acquisition by the former of the 100 percent shareholdings of Basic Consolidated Inc. (BCI) in BPMI, representing 50 million shares.


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abtest

UK-based firm to acquire Basic Petroleum for $17M

By Zinnia B. Dela Peña | February 17, 2006 - 12:00am

In line with its plan to further fortify its oil exploration and development assets in the Philippines, Forum Energy Plc. (FEP), an oil and gas company registered in the United Kingdom, will acquire Basic Petroleum...

Business