SYNENCO Finally Bought Out.....

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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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SYNENCO Finally Bought Out.....

posted on Apr 28, 2008 08:28AM

CALGARY, April 28 /CNW/ - Total E&P Canada Ltd. (Total), a wholly owned subsidiary of Total (TOTF.PA) and Synenco Energy Inc. (Synenco) (TSX: SYN) today announced that they have entered into an agreement whereby Total will make a $9-per-share cash offer to purchase all of the issued and outstanding common shares of Synenco on a fully diluted basis.

Could be some interest in CLL as well. The Oil Giants are having difficulty replacing reserves. This is probably one reason TOTAL took out yet another Oil Sands Play.

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