Friday, April 27, 2007

UPDATE 1-Statoil to buy North American Oil Sands for $2 bln

(Reuters) - "It is estimated that the NAOSC leases hold approximately 2.2 billion barrels in recoverable reserves," Statoil ASA said in a statement.

"The board of directors of NAOSC has unanimously approved the offer," Statoil added.


Read more at Reuters.com Mergers News

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