Markets

APIC Petroleum Turns Its Back from Albpetrol Acquisition

APIC Petroleum Corporation (API.V) said today that it has now completed its evaluation pertaining to the acquisition of Albanian state oil company Albpetrol.

The company said that it is not in the interest of APIC shareholders to participate further in the bidding process and accordingly will not be submitting a bid.

During the past several months, the company has been simultaneously evaluating several other international and Canadian opportunities to acquire oil and gas properties.

API was last trading at 13 cents.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

MTNewswires

Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More