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OSLO, Aug 23 (Reuters) – Oslo-listed DNO International
will not make an offer to buy Calvalley Petroleum Inc.
after talks with the company failed to provide it with
enough information regarding litigation by Al-Zarqa Electricity,
it said on Thursday.
“Given that DNO International has been unable to determine
the exact nature of the Al-Zarqa claim or quantify the impact of
potential liabilities that may or may not arise as a result, DNO
International has not been able to agree terms with the Special
Committee on either price or structure,” it said.
