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Gold/Mining/Energy : CDN. Oil/Gas Cos. - Shareholder Maximization

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To: Richard Saunders who started this subject3/20/2001 2:21:08 AM
From: Richard Saunders  Read Replies (1) of 56
 
CID-tse & amex Chieftain International
newswire.ca

Chieftain International, Inc. Authorizes CIBC World Markets to Examine Strategic Alternatives

Chieftain International, Inc.: CID

EDMONTON, March 8 /CNW/ - Chieftain International, Inc. (AMEX: CID) (TSE:
CID) announced today that it has authorized CIBC World Markets Inc., its
financial advisor, to examine strategic alternatives to enhance shareholder
value, including a possible merger or sale of the Company.
Chieftain is an independent natural gas and oil exploration and
production company active primarily in the US Gulf of Mexico region and in
southeast Utah and the UK sector of the North Sea. Headquartered in Edmonton,
Alberta, the Company's exploration offices are located in Dallas, Texas and
New Orleans, Louisiana.
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