Australia's AWE gets revised takeover offer from Chinese energy firm

Australia's AWE gets revised takeover offer from Chinese energy firm

A gas flare burns near a crude oil facility outside Williston, North Dakota, U.S., on Thursday, Feb. 12, 2015. Photographer: Daniel Acker/Bloomberg

Australian oil and gas producer AWE Ltd said on Friday it has received a revised A$463 million ($347.94 million) takeover offer on a fully diluted basis from state-ownedChina Energy Reserve and Chemicals Group (CERCG).

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