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Connacher Oil & Gas Ltd CLLZF

Energy Oil & Gas Integrated
"Connacher Oil and Gas Ltd is an oil company engaged in the exploration and development, production and marketing of bitumen. Connacher holds two producing projects at Great Divide are known as Pod One and Algar."


GREY:CLLZF - Post by User

Connacher Oil & Gas Ltd
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Post by olesmokeron Jun 12, 2008 2:39pm
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Post# 15178731

More Oil Trouble in Nigeria

More Oil Trouble in NigeriaOil Rebounds After Nigeria Announces Ogoni Operation Takeover

By Mark Shenk

June 12 (Bloomberg) -- Crude oil rebounded after Nigeria's president said the country's state-owned oil company will take over operations in the Ogoni district of southern Nigeria from a Royal Dutch Shell Plc joint venture.

Crude oil for July delivery rose 21 cents to $136.59 a barrel at 2:27 p.m. on the New York Mercantile Exchange, after falling as much as $4.83 a barrel earlier today. Futures reached a record $139.12 a barrel on June 6.

Brent crude oil for July settlement rose 66 cents, or 0.5 percent, to $135.68 a barrel on London's ICE Futures Europe exchange. Prices climbed to a record $138.12 on June 6.

To contact the reporter on this story: Mark Shenk in New York at mshenk1@bloomberg.net.

Last Updated: June 12, 2008 14:29 EDT
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