CANADIAN OIL COMPANY TAKEOVER APPROVED
July 1st, 2010
BY KEITH NUTHALL
AN ALBERTA court has approved the takeover of Calgary-based Canadian oil firm Ryland Oil Corporation by Crescent Point Energy Corp, with whom it is working to develop the Flat Lake Bakken area in southeast Saskatchewan. Ryland shareholders are to receive Crescent shares in the deal, involving the transfer of Canadian dollars CAD121.8 million (US dollars USD115 million).
ENDS
AN ALBERTA court has approved the takeover of Calgary-based Canadian oil firm Ryland Oil Corporation by Crescent Point Energy Corp, with whom it is working to develop the Flat Lake Bakken area in southeast Saskatchewan. Ryland shareholders are to receive Crescent shares in the deal, involving the transfer of Canadian dollars CAD121.8 million (US dollars USD115 million).
ENDS
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