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Thursday, July 20, 2006 9:03:19 AM
Addax agrees to C$1.6 bln deal for Pan-Ocean subs
Thu Jul 20, 2006 08:58 AM ET
(In U.S. dollars unless noted)
TORONTO, July 20 (Reuters) - Addax Petroleum Corp. (AXC.TO: Quote, Profile, Research) said on Thursday it agreed to a C$1.6 billion ($1.4 billion) takeover of a pair of Pan-Ocean Energy Corp. (POCa.TO: Quote, Profile, Research) subsidiaries.
Addax Petroleum Corporation
Mr. Michael Ebsary
Chief Financial Officer
+41 22 702 94 03
michael.ebsary@addaxpetroleum.com
or
Addax Petroleum Corporation
Ms. Marie-Gabrielle Cajoly
Press Relations
+41 22 702 94 44
marie-gabrielle.cajoly@addaxpetroleum.com
or
Addax Petroleum Corporation
Mr. Craig Kelly
Investor Relations
+1 (403) 668-4588
craig.kelly@addaxpetroleum.com
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