Thursday, October 30, 2008

SEVERAL FOREIGN COMPANIES INTERESTED IN INVESTING IN OIL EXPLORATION IN BOSNIA

SARAJEVO, Bosnia (October 30,2008) - Five very serious offers have arrived to Bosnia's largest energy company Energoinvest’s call for expression of interest in gas and oil exploration in Bosnia, the company’s assistant general manager Ibrahim Bosto has confirmed.

The companies that have submitted offers include Houston Transglobal Petroleum, Canadian Longview Capital Partners (more precisely, their company Seed Rock), Dutch Delta Hydrocarbons, Hungarian Mol and Croatian Ina.

During the call period, several other companies were making enquiries, which means even more offers could arrive once an international tender is announced (by the end of 2008), Bosto said, adding that Longview Capital Partners seem the most eager for now.

The company has recently sent a delegation to the Bosnian capital Sarajevo, announcing readiness to invest up to 100 million US Dollars in the final stage of exploration alone. The other offers are close to that, ranging between 80 and 100 million US Dollars.
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