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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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Message: GRAN TIERRA ENERGY ENTERS INTO AGREEMENT TO ACQUIRE PETROLIFERA PETROLEUM LIMITE
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Thanks Martin,

Yes, it will be much easier for Connacher to unload 3 millions of GTE shares then 27 millions of PDP shares.

$28 million (depends on the GTE SP) is just slightly more what the CLL invested in PDP shares offering 2 years ago. At list this divorce did not cost us to much.

Why the CLL SP are up today? PDP sell could sparked some new interest. One important factor to consider is that CLL shares (traded in US under CLLZF) were finally taken out from the Naked Short List.

http://news.tradingcharts.com/futures/0/9/151594390.html

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