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Stock impact report

East Timor buys ConocoPhillips' stake in Sunrise gas field: report [Reuters]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Reuters
East Timor buys ConocoPhillips' stake in Sunrise gas field: report | Reuters 3 Min Read MELBOURNE (Reuters) - East Timor has signed a deal to buy ConocoPhillips’ stake in the Greater Sunrise gas field off the country’s southern coast for $350 million, the Australian Financial Review reported on Monday. A delegation led by former East Timor president Xanana Gusmao and its proposed new petroleum minister Alfredo Pires signed a final agreement in Bali last Friday with ConocoPhillips’ Australia West president Chris Wilson, the newspaper said, without citing any sources. ConocoPhillips had no immediate comment on the sale of its 30 percent stake in Greater Sunrise and the East Timor embassy in Australia did not respond to phone calls or an email request for comment. “While we are aware of unofficial reports, the Sunrise Joint Venture has not been approached formally by Timor-Leste or ConocoPhillips on this matter,” Australia’s Woodside Petroleum, operator and 33 percent stakeholder in Grea Show less Read more
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