2009-08-15-2009-02-01-2009-02-01

Bought company, gaining assets in Syria.

Mirror Lake Oil and Gas Co. Ltd., a subsidiary of Sinopec International Petroleum Exploration and Production Corp., Beijing, (NYSE: SHI) has completed its acquisition of Tanganyika Oil Co. Ltd., Calgary (TSX: TYK). Mirror Lake purchased 60.6 million common shares of Tanganyika at C$31.50 per share, representing 95% of the company. Mirror Lake says it plans to exercise rights to acquire the remaining shares of the company in the near future. As part of the deal, Tanganyika's board has been replaced by Sinopec nominees. Tanganyika, which has assets in Syria, was to be delisted from the Toronto Stock Exchange on Dec. 24.