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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: Hang On---- BKM8572 & B-Jay

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Jun 11, 2010 01:31PM

Hi Brian & B-Jay;

I wouldn't be surprised if Rosneft the Russian national oil company (or should I say Rostheft) were to take advantage of BP's current situation in order to buy out BP's position in the Sakhalin V project in Russia. http://www.bp.com/sectiongenericarticle.do?categoryId=9009632&contentId=7018810

In additon, Rosneft could also buy out BP's 49% share of TNK-BP http://www.tnk-bp.com/operations/exploration-production/ in order to get BP out of Russia for good or it has the financial clout to launch an outright take over of BP. I don't see the Chinese national oil company launching a bid to take over all of BP. Do you think that the Russian's would allow the Chinese national oil company to buy the Sakhalin V project or TNK-BP? I don't.

Cheers; Scott

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