Petro-Canda sells seven gas properties

Article Abstract:

Petro-Canada sold seven producing natural gas properties in Alberta and British Columbia in a $272.4-million deal, completing the company's plan to divest its noncore natural gas producers. The company sold the Whitecourt property, the largest producer of the divested properties, to Richland Petroleum Corp. and Ionic Energy Inc. for $66-million. Storm Energy Inc., Anderson Exploration Ltd., and Paramount Resources Ltd. also bought property.

Natural Gas, Oil and Gas Field Services, Oil & Gas Field Services, Support Activities for Mining, METAL MINING, Metal Ores, Metal Ore Mining, Metal industries, Mining industry, Petroleum services industry, Metal industry, Petro-Canada Inc., Ores, Richland Petroleum Corp., Ionic Energy Inc., Storm Energy Inc., Anderson Exploration Ltd., Paramount Resources Ltd.

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Gulf acquires Crestar for $1.6-billion

Article Abstract:

Crestar Energy Inc., which is an oil and gas company, will be acquired by Calgary, Alb.-based Gulf Canada Resources Ltd. for $1.6 billion. The deal will form the fifth-largest independent oil and gas company in Canada.

Gulf Canada Resources Ltd., GOU, Crestar Energy Inc.

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Samson scoops up another oil firm

Article Abstract:

Samson Canada Ltd. has reached a deal on a hostile takeover bid for Courage Energy Inc. Samson offered to acquire Courage for 142 million Canadian dollars.

Courage Energy Inc., CEO, Samson Canada Ltd.

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