Ocelot pulling out of Western Canada

Article Abstract:

Ocelot Energy Inc. has inked a C$126-mil sale agreement with NAL Resources Management Ltd. as part of its strategy to pull out from Western Canada. The sale, which includes all remaining Western Canadian properties, will enable the company to fund its international holdings in Kazakstan, Gabon, Tanzania and Cameroon. Moreover, the sale will also enable the company to pay its C$39-mil debt and secure it with much needed cash reserves.

Ocelot Energy Inc.

---

Natural gas prices slide by 10%

Article Abstract:

Prices of natural gas fell by 10% after a report of a weekly inventory level increase by the U.S. Department of Energy. Prices fell to US$5.60 per million British thermal units on the New York Mercantile Exchange.

United States, Commodity & service prices, Prices and rates, Company pricing policy

---

Landmark Arctic gas pipeline deal reached

Article Abstract:

TransCanada Corp. has reached a deal with aboriginal natives for a 5 billion Canadian dollar natural gas pipeline in Canada's Northwest Territories. Under the deal, the natives will own one-third of the pipeline.

Strategy & planning, Goods & services distribution, Northwest Territories, Planning, Pipelines, Transportation, Natural resources, Company business planning, Natural gas pipelines, TransCanada Corp.

Similar abstracts:

• Abstracts: Iraq?s banks, currency in tatters. Natural gas prices rise 40%. Dairy farms evolve to survive
• Abstracts: Industrial building boom on horizon. Canadian audit firms to register. New accounting standards era seen to be ahead
• Abstracts: U.S. said willing to consider alternatives to steel quota. Freddie Mac fires president, replace two others. M&A deals may herald Wall St. renewal
• Abstracts: Lower imports boost November trade surplus. Go west still applies when it comes to jobs
• Abstracts: Loewen gains reprieve from CIBC. Loewen awaits banks' decision

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.