Monday, June 11, 2007

Harvest to buy Grand Petroleum for C$110 million

(Reuters) - The acquisition will bring Harvest 3,409 barrels of oil
equivalent a day from Grand's properties in Alberta and
Saskatchewan, and proved and probable reserves of 6 million
barrels of oil equivalent. Grand also has 46,000 acres of
exploration lands.




The price tag works out to C$42,000 per barrel of daily
production and C$24 per barrel of proved and probable
reserves.


Read more at Reuters.com Mergers News

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