RE: Penn West Energy Trust (PWE)
China Investment Corporation is buying more oil sand properties.
Penn West Energy Trust and China Investment Corporation Announce Strategic Partnership
finance.yahoo.com
From the article:"...- Penn West Energy Trust (TSX:PWT.UN - News) (NYSE:PWE - News) ("Penn West") is pleased to announce it has entered into an agreement (the "Agreement") with a wholly-owned subsidiary of the China Investment Corporation ("CIC") to form a joint venture (the "Joint Venture") that will develop Penn West's bitumen assets located in the Peace River area of northern Alberta (the "Assets"). CIC has also agreed to purchase trust units ("Units") of Penn West on a private placement basis (the "Financing")...."
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TAMM OIL AND GAS CP (TAMO.OB) ( finance.yahoo.com ) might be a wild shot speculation as they bet their company on oil sand leases located in the Alberta Province specifically in the Peace River area.
TAMM Oil made the following transactions recently:
Province of Alberta
On June 12, 2009, we acquired a 100% working interest in 5,120 acres of oil sands leases in the Province of Alberta, in exchange for 1,000,000 shares of our common stock valued at $800,000.
Peace River - Oil Sands Leases
On January 9, 2008, we acquired a 100% interest in 21 sections of oil sands leases in the Peace River Oil Sands Area at an Alberta Crown Land Sale for $718,903.
Peace River - Petroleum & Natural Gas Leases
On May 28, 2008, we acquired a 100% interest in 14 sections of the petroleum and natural gas ("P&NG") leases in the Peace River region at an Alberta Crown Land Sale for $374,721.
EKS |
