Affected market: Oil and gas exploration
On the basis of the information available to it, the OFT has decided
that the anticipated acquisition of Fusion Oil and Gas plc by Sterling
Energy plc does not qualify for investigation under the mergers
provisions of the Enterprise Act 2002, because neither the UK turnover
test nor the share of supply test in section 23 of the Act is met. A
relevant merger situation has, therefore, not been created.
Published 13 October 2003