Australia’s Tap Oil dismissed a takeover bid from Northern Gulf Petroleum Holdings and following recommendation s, shareholders accepted 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.
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