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IMO Imperial Oil Limited

95.20
-0.05 (-0.05%)
Last Updated: 15:06:12
Delayed by 15 minutes
Share Name Share Symbol Market Type
Imperial Oil Limited TSX:IMO Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -0.05% 95.20 95.17 95.24 95.90 94.72 95.24 46,023 15:06:12

Imperial Agrees to Sell Certain Western Canada Conventional Oil and Gas Assets

17/03/2014 11:40am

PR Newswire (Canada)


Imperial Oil (TSX:IMO)
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CALGARY, March 17, 2014 /CNW/ - Imperial Oil Limited 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 CA$855 million. 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.

About Imperial Oil Ltd:
Imperial Oil is one of Canada's largest corporations and a leading member of the country's petroleum industry. The company is a major producer of crude oil and natural gas, Canada's largest petroleum refiner, a key petrochemical producer and a leading marketer with coast-to-coast supply and service station networks.

SOURCE Imperial Oil Limited

Copyright 2014 Canada NewsWire

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