Statement by Fu Chengyu, Chairman and CEO of CNOOC Limited
Beijing (ots/PRNewswire) - We are extremely pleased that Unocal has indicated today they will begin engaging in talks concerning our all cash offer. We are prepared to start immediately. As we indicated upon announcing our bid, we believe this offer brings superior value to Unocal shareholders. It is important to know that 70 percent of Unocal's current reserves are located in Asia, and that is one of the reasons why ...
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