HDRider
Well-known member
On Sunday, China's Shandong Xinchao announced its decision to shell out $420 million to purchase oil-producing acreage from Grenadier Energy in the Texas Permian Basin.
Reading the sales announcement you'd never know it was to China.
The only clue is the CEO's name.
"This acquisition is consistent with our strategy of building a long-term, sustainable oil and gas company," stated Chief Executive Officer Linhua Guan. "The combination of both production and high-quality inventory support both near-term cash flow and strong economic returns for years to come."
I saw the news here
Reading the sales announcement you'd never know it was to China.
Surge Energy America Announces Significant Midland Basin Acquisition
/PRNewswire/ -- Surge Energy US Holdings Company ("Surge Energy" or the "Company") announced in the US that it, through its subsidiary, has signed a purchase...
www.prnewswire.com
The only clue is the CEO's name.
"This acquisition is consistent with our strategy of building a long-term, sustainable oil and gas company," stated Chief Executive Officer Linhua Guan. "The combination of both production and high-quality inventory support both near-term cash flow and strong economic returns for years to come."
I saw the news here