CNOOC Limited
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(Translation of registrant’s name into English)
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65th Floor
Bank of China Tower
One Garden Road
Central, Hong Kong
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(Address of principal executive offices)
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Form 20-F X Form 40-F ___
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Yes ___ No X
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CNOOC Limited
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By:
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/s/ Jiang Yongzhi
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Name:
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Jiang Yongzhi
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Title:
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Joint Company Secretary
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Dated: July 27, 2011
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Exhibit No. | Description |
99.1
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Announcement dated July 27, 2011, entitled “Announcement on Progress relating to the Possible Acquistion of OPTI”. |
Reference is made to the announcement of the Company dated July 20, 2011 in relation to the proposed transaction involving the acquisition of OPTI (the “Announcement”). Terms defined in the Announcement shall, unless the context otherwise requires, bear the same meaning herein.
The Board is pleased to announce that OPTI, the Purchaser and the Guarantor have entered into further Support Agreements with the Second Lien Noteholders, under which they have undertaken to vote in favour of the Plan of Arrangement. As at the date of this announcement, Second Lien Noteholders who collectively hold in aggregate approximately 82 per cent in principal amount of the Second Lien Notes have entered into Support Agreements. As stated in the Announcement, to approve the Plan of Arrangement, a majority in number of the voting Second Lien Noteholders, representing at least 66 2/3 percent in principal amount of the Second Lien Notes must vote in favour at the meeting of Second Lien Noteholders to be held in September 2011, and which is a condition precedent, amongst others, to complete the Transaction.
Shareholders of the Company and potential investors should note that the Transaction is subject to various conditions which may or may not be fulfilled. There is therefore no assurance that the Transaction will proceed and, if it proceeds, on what terms it may proceed. Shareholders of the Company and potential investors are reminded to exercise caution when dealing in the shares of the Company.
Further announcements will be made in accordance with the Listing Rules.
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By Order of the Board
CNOOC Limited
Jiang Yongzhi
Joint Company Secretary
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Executive Directors
Yang Hua (Vice Chairman)
Li Fanrong
Wu Guangqi
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Independent Non-executive Directors
Edgar W. K. Cheng
Chiu Sung Hong
Lawrence J. Lau
Tse Hau Yin, Aloysius
Wang Tao
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Non-executive Directors
Wang Yilin (Chairman)
Zhou Shouwei
Wu Zhenfang
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