07-04-08 PetroFalcon said it will buy Anadarko Petroleum's affiliate in Venezuela for $ 200 mm, with a financial effective date of Jan. 1.
Lundin Petroleum, which indirectly owns 42 % of PetroFalcon, has provided a guarantee to Anadarko Petroleum for the full purchase price, and PetroFalcon has agreed to issue 17.1 mm common shares to Lundin or one of its subsidiaries.

PetroFalcon intends to fund the acquisition through third-party financing.