Calgary, Alberta, October 5th, 2009 – Sinopec International Petroleum Exploration and Production Corporation is pleased to announce that effective October 2, 2009, its indirect wholly-owned subsidiary, Mirror Lake Oil and Gas Company Limited, acquired all of the common shares of Addax Petroleum Corporation not taken up and paid for under the offer for all of the issued and outstanding common shares of Addax Petroleum dated July 9, 2009, as extended, made by Mirror Lake.
At $7.24 billion, Sinopec had just launched China's biggest ever oil acquisition and through its subsidiary, Mirror Lake now owns 100% of the issued and outstanding common shares of Addax Petroleum.
The common shares of Addax Petroleum have been delisted from the Toronto Stock Exchange and the London Stock Exchange effective October 5, 2009.
At $7.24 billion, Sinopec had just launched China's biggest ever oil acquisition and through its subsidiary, Mirror Lake now owns 100% of the issued and outstanding common shares of Addax Petroleum.
The common shares of Addax Petroleum have been delisted from the Toronto Stock Exchange and the London Stock Exchange effective October 5, 2009.
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