Im not going to get too heavy on all of this but I met a lovely ENGLISHMAN who lives in Scotland and he handed me this document....I then showed it to a lawyer who has verified it........check it out guys, this is the truth and this is all ours....we dont need Westminster!! They need us !!! BUSINESS ConocoPhillips plans to auction 24 pct stake in Clair oilfield -FT Tue, Sep 16 05:51 AM IST Sept 15 (Reuters) - ConocoPhillips, the largest U.S. independent oil and gas company, is preparing to auction its 24 percent stake in the Clair oilfield in the United Kingdom, the Financial Times reported on Monday. The Houston-based company has hired banks to sell its stake in the Clair oilfield in a deal that could fetch between $2 billion and $3 billion, according to the FT report, which cites people familiar with the matter. Clair oilfield, which was discovered in 1977 and extends over 220 square kilometers (135 square miles), is located in Scottish territorial waters west of the Shetland islands. The oilfield has an estimated 8 billion barrels of oil, making it the largest hydrocarbon resource in Europe, according to oil major BP Plcs website. BP, ConocoPhillips, Chevron Corp and Royal Dutch Shell Plc were developing a second phase of the oilfield, known as Clair Ridge, at a cost of 4.5 billion pounds, with production estimated to start in 2016/2017. (Reporting by Krishna Chaithanya; Editing by Ken Wills)
Posted on: Wed, 17 Sep 2014 15:41:47 +0000
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