London-UK-listed Indago Petroleum is to wind up the company and return its remaining capital to shareholders after it sold its only remaining upstream interests in Oman earlier this month, the company said April 28.Indago Chairman Tim Eggar said the company had hoped to reinvest the funds from the sale of its Oman assets to the UAE's RAK Petroleum, but Indago's major shareholder, Meridian Oil & Gas, said it would not support the move.
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