Termination of proposed collaboration with Global Offshore. Kencana Petroleum (Kencana) announced that both the jv agreement and MOA with Global Offshore have been terminated as both parties could not arrive at mutually agreed terms. While we have not been able to contact the management, we believe the termination is largely due to the higher investment cost required for the 45% equity stake in Global Offshore.
Kencana Petroleum Berhad : Termination Of Proposed Collaboration With Global Offshore - 20/5/2010
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