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The article was by loren fox. The e-mail is loren.fox@cor.dowjones.com.

Basically is said that the company had hired CIBC World Mkts Lovegrove and Assoc. and Lehman Bros to evaluate alternatives. They are selling interests to develop huge gas project in Thailand. They are considering selling all or part of the company, with a decision coming by late July (today it was announced that the decision would be much sooner). Wall Street expects an entire sale to bring between $1.0 and $1.9 billion.

Today Faber outlined the same points, but he seemed somewhat skeptical after his conf calls with several larege petro companies that were uninterested in purchasing Triton. Bringing down the price may have been BP who is already involved in the project but had no interest in acquiring Triton.

The late run-up in price occurred when Triton finally leaked word that they would come out with a statement within the next couple of days. The assumption then was that there was actually something positive that might have taken place.

Nonetheless, this has been the most heavily traded option the last few sessions.



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