Dana Petroleum Says Its Uncertain It Will Get an Offer From Korea National

Dana Petroleum Plc said there can be no certainty in getting a takeover offer from Korea National Oil Corp after the two had significant discussions.

“The Board of Dana has made every effort to encourage and assist KNOC to come forward to discuss value and perform appropriate due diligence, subject only to signing a non- disclosure agreement, to enable KNOC to make a full and fair assessment of the value of Dana,” the company said in a statment.

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