AED 0.00% 14.5¢ aed oil limited

aed oil to announc joint venture partner monda

  1. 11,407 Posts.
    Cash on the cards as AED seeks chum
    February 29, 2008

    The oil producer's struggles may be over as a joint-venture partner comes a-wooing.

    THE struggling oil producer AED Oil is expected to emerge from a trading halt on Monday with a joint-venture partner.

    The cash-starved company, which was placed in a trading halt yesterday, said it was considering proposals from a "number of parties".

    AED's chairman, David Dix, recently said the company had talked to four or five parties that appeared to be viable partners, after receiving initial expressions of interest from as many as 18. Macquarie is handling the process.
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