CANADA OIL SANDS DEAL
June 1st, 2006
STORIES BY KEITH NUTHALL
CANADA'S CanWest Petroleum is to absorb its subsidiary Oilsands Quest Inc, to create one enlarged company working in the Alberta and Saskatchewan oil sands regions. Oilsands owns exploration permits covering 508,000 acres in north-west Saskatchewan. CanWest already owns 59.5% of Oilsands.
ENDS
CANADA'S CanWest Petroleum is to absorb its subsidiary Oilsands Quest Inc, to create one enlarged company working in the Alberta and Saskatchewan oil sands regions. Oilsands owns exploration permits covering 508,000 acres in north-west Saskatchewan. CanWest already owns 59.5% of Oilsands.
ENDS
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