SPC increases stake in Cue Energy
Offshore staff
SINGAPORE -- Singapore Petroleum Co. Ltd. has increased its shareholding in Cue Energy Resources Ltd. to approximately 9.5%.
From Aug. 20 to Oct. 12, the company has acquired 6.6 million Cue Energy shares for investment purposes in the ordinary course of trading on the Australian Securities Exchange.
Cue Energy is one of SPC's existing partners in the Sampang production-sharing contract in Indonesia.
10/15/2007