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Ultra Petroleum interest investment in China market
Ultra Petroleum Corp. has sold Sino-American Energy Co. to SPC E&P (China) Pte Ltd. in a stock transaction worth $223 million.
The Houston exploration and production company said Sino-American represented all of its interests in Bohai Bay, China, as well as all of Ultra’s international assets and about 1 percent of its year-end 2006 proved reserves.
