Tap rejects Northern offer

摘要

Australia's Tap Oil has dismissed a takeover bid from Northern Gulf Petroleum Holdings and has recommended shareholders accept a previous offer by Risco. Tap Oil, which owns a share in the Manora oil field in Thailand, said Northern Gulf had sent "an unsolicited indicative, conditional and non-binding proposal" regarding a potential offer to acquire some of the shares in Tap that Northern Gulf and its associates do not already have a relevant interest in.