25 Aug 2011 14:48

Eurasia Drilling to resume search for acquisitions in Libya once situation stabilizes

MOSCOW. Aug 25 (Interfax) - Eurasia Drilling Company (EDC) will resume its search for acquisitions in Libya once the political situation stabilizes, CFO Richard Anderson said during a conference call on Thursday.

"We will look at assets in Libya after the stabilization of the political situation, whether that's in one month or half a year," he said.

EDC is currently concentrating on other assets in Africa, the vice president for investor relations, Kim Kruschwitz, said. "Whether it's in Libya or another African country, it will have a positive effect," he said.