October 14, 2008
Shell not to proceed with MOU with Regal Petroleum
It I reported that Shell has decided not to proceed with a recently signed MoU for exclusive negotiations with Regal Petroleum plc and potential UD 410 million deal regarding Ukraine assets.
Shell in a statement said "Shell recently signed a MOU for exclusive negotiations with Regal Petroleum plc regarding Ukraine assets and we see from the new management's comments that they may have changed their thinking on this transaction.”
