DNeX group managing director Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir said the aim of increasing its stake in Ping Petroleum Ltd by 60% to 90% will enable the group to consolidate Ping’s contribution and exert more control over the company to access proven and probable oil and gas reserves.
PETALING JAYA: Dagang Nexchange Bhd
’s (DNeX) aim of increasing its stake in Ping Petroleum Ltd by 60% to 90% will enable the group to consolidate Ping’s contribution and exert more control over the company to access proven and probable oil and gas reserves.
“The Anasuria cluster, which Ping has a 50% effective interest in, offers mature O&G (oil and gas) fields that entail production and development opportunities.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
