Tochigi Ontario Holdings | Archived Press

Tochigi Ontario Holdings has today said that Royal Dutch Shell PLC is in ongoing negotiations to buy Endeavour Energy Resources for nearly $8 billion. This amount will be 50% of the amount of what the Texan oil producer was expecting to obtain after putting itself up for sale at the start of this year.   "Chevron Corp, Exxon Mobil Corp, along with Conoco Philips also tried their best to purchase Endeavour; however, their offers were declined," said Michael Walker, Director of Corporate Equities at Tochigi Ontario Holdings.    Meanwhile, it is being reported that Shell is at a very crucial stage of negotiations as the founder of Endeavour, Mr. Autry Stephens, wishes to retain a large number of its mineral rights and ownership of untapped oils which will, in the end, entitle him to royalties when drilled is creating a major subject of discussion.  Tochigi Ontario Holdings says Shell eyes deal for Endeavor Energy as price tag drops   "Even though there has been no ...