news - proactiveinvestors.co.uk16 Sep 2011 18:17
Sector peer Bluebird Energy (LON:BBE), which is focused on the US, provided an update this morning on its strategic and operational review of its assets.
Bluebird Energy, which has hydrocarbon interests in four US States, began the review in mid-August following the sale of a net 30 per cent interest in the Centurion project in Sumner County, Kansas by the project’s operator Running Foxes.
The firm said that its directors have concluded that its ongoing strategic focus in the US should be on those assets where the firm has, or intends to have, a controlling interest. Additionally, Bluebird’s management will consider the acquisition of non-controlling interests in the US where there is a “compelling” investment case.