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Stock Market & Financial Investment News

News Breaks
March 17, 2014
07:41 EDTIMOImperial Oil to sell certain Western Canada Conventional oil and gas assets
Imperial Oil has reached an agreement to sell its interest in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for approximately C$855M. The transaction is expected to close in May. Located in British Columbia and Alberta, the assets involved in the transaction produced about 15,000 oil-equivalent barrels per day in 2013 on a net before royalty basis. Production is split evenly between oil and gas.
News For IMO From The Last 14 Days
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June 26, 2015
14:35 EDTIMOImperial Oil and partners Exxon Mobil, BP delay Arctic drilling, CBC News says
Imperial Oil (IMO) as well as its joint venture partners Exxon Mobil (XOM) and BP (BP) have postponed plans for exploratory drilling in the Beaufort Sea, says CBC News Reference Link

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