DOW JONES NEWSWIRES
Oil India Ltd. (533106.BY) is seeking to purchase a stake in Chesapeake Energy Corp.'s (CHK) Mississippi Lime Formation, which is located in Oklahoma, Reuters reported Monday, citing Oil India's finance chief.
Chesapeake said earlier this month that it plans to use proceeds from an asset sale in Texas's Permian Basin and a stake sale in the Mississippi Lime to help pay off a loan from Goldman Sachs Group (GS) and Jefferies Group Inc. (JEF) by the end of this year.
Full story at http://in.reuters.com/article/2012/05/28/us-oilindia-chesapeake-idINBRE84R0DQ20120528
-Dow Jones Newswires; 212-416-2900
(END) Dow Jones Newswires
May 28, 2012 09:50 ET (13:50 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.