Marcum Oil Sand Makes a Bid for Nordic Petroleum ASA

Source: www.gulfoilandgas.com 11/22/2012, Location: Europe

The Board of Mercom is aware of today's statement by Mauricio Trevino Zambrano a minority holder of Mercom's ordinary shares, that he has formed a company to make a bid for Nordic Petroleum ASA and that, if he is successful, he intends to enter into negotiation with Mercom to sell it a 100% interest in the four Chard Oil Sands Leases.

There is currently no arrangement or understanding between Mercom and Mr Zambrano, but the Board of Mercom find today's announcement an encouraging sign of shareholder support and will follow any developments with interest.


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Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


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