New Acquisition Shows Mitsubishi Is Willing To Take Riskier Positions

CFW View: Mitsubishi's move to acquire a 10% stake in Block LB-10 offshore Liberia follows a similar acquisition in neighbouring Sierra Leone. We expect the Japanese company to expand its exposure to African frontier markets by building on its local knowledge and its relationships with Anadarko, Repsol YPF and Tullow Oil.

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