Connacher Oil and Gas sale and investment bid deadline now Aug. 19

By Caroline Salls

Pittsburgh, Aug. 5 – Connacher Oil and Gas Ltd. extended the final bid deadline under the sale and investment solicitation process being conducted in conjunction with its Companies’ Creditors Arrangement Act proceedings, according to a news release.

The phase II bid deadline will now be Aug. 19, extended from Aug. 10. The deadline for court approval of the successful bid or bids is Aug. 31, and the deadline for closing the transaction is Sept. 7.

Connacher is a Calgary, Alta.-based developer, producer and marketer of bitumen from oil sands.

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