Deal Snapshot: Rheochem Announces Completion of Zeus Petroleum Buy

Summary


MANAVIGATOR-April 9, 2010-Deal snapshot: RHEOCHEM ANNOUNCES COMPLETION OF ZEUS PETROLEUM BUY (C)2010 M2 COMMUNICATIONS http:// www.m2.com

Rheochem (LON:RHEP), an oil and gas services provider, said it had closed the acquisition of the residual 50% in UK's Zeus Petroleum Limited, after receiving confirmation from the UK Department of Energy & Climate Change that the secretary of state for trade and industry will not revoke Zeus's licences due to change in ownership.

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Deal Snapshot: Rheochem Announces Completion of Zeus Petroleum Buy

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