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Reuters breaks news of Exxon Ghana oil field buy 10.06.2009 Reuters broke the news on Oct 6 that Exxon Mobil was the surprise winner in a multibillion dollar auction of a stake in a Ghanaian oil field. Three sources close to the process told Reuters of the agreement by Blackstone and Warburg Pincus-backed Kosmos to sell their Jubilee field interest to Exxon. Dow Jones followed, with a story based on a single source, an hour later, while Bloomberg was hours behind, by which stage analysts already had produced notes for clients. Shares of two smaller companies that are investors in the field, Tullow Oil and Andarko gained up to 8 percent. MARKET IMPACT Shares of Tullow Oil and Andarko gained up to 8 percent. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

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Companies, sectors, M&A and the financial industry

Reuters breaks news of Exxon Ghana oil field buy

10.06.2009

Reuters broke the news on Oct 6 that Exxon Mobil was the surprise winner in a multibillion dollar auction of a stake in a Ghanaian oil field. Three sources close to the process told Reuters of the agreement by Blackstone and Warburg Pincus-backed Kosmos to sell their Jubilee field interest to Exxon. Dow Jones followed, with a story based on a single source, an hour later, while Bloomberg was hours behind, by which stage analysts already had produced notes for clients. Shares of two smaller companies that are investors in the field, Tullow Oil and Andarko gained up to 8 percent.