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cheap moncler outlet moncler jackets outlet The acquisition provides significant long term benefits to Canada which are expected to include: cheap moncler outlet

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moncler sale CNOOC Limited and Nexen Inc. announced today that they have entered into a definitive agreement under which CNOOC Limited Moncler Outlet will acquire all of the outstanding common shares of Nexen for US$27.50 per share in moncler factory outlet cash. moncler sale

The purchase price represents a premium of 61% to the closing price of Nexen’s common shares on the NYSE on July 20, 2012, and a premium of 66% to Nexen’s 20 trading day volume weighted average share price. Total cash consideration of approximately US$15.1 billion will be paid for Nexen’s common and preferred shares, and Nexen’s current debt of approximately US$4.3 billion will remain outstanding. The transaction, which will be completed by way of a plan of arrangement, is expected to close in the fourth quarter of 2012.

cheap moncler moncler outlet uk jackets The acquisition of Nexen expands CNOOC Limited’s overseas businesses and resource base in cheap moncler outlet order to deliver long term, sustainable growth. North Sea, the Gulf of Mexico and offshore Nigeria focused on conventional oil and gas, oil sands and shale gas. In addition, Nexen management’s current mandate will be expanded to include all of CNOOC Limited’s North American and Caribbean moncler sale outlet assets. cheap moncler jackets

moncler outlet online Nexen had average production of 207 mboe/d royalties in Q2 2012. In accordance with moncler outlet jackets SEC rules, Nexen had 900 mmboe of proved reserves and 1,122 mmboe of probable reserves as of December 31, 2011. In addition, as of December 31, 2011, Nexen had best estimate contingent resources of 5.6 billion boe in accordance with Canadian National Instrument 51 101, predominantly moncler outlet in the Canadian oil sands. moncler outlet moncler sale online

The transaction will be funded by CNOOC Limited’s existing cash resources and external financing.

cheap moncler coats Mr. Wang Yilin, Chairman of CNOOC Limited said, “The acquisition reflects our strong belief in Nexen’s rich and diverse portfolio of assets and world class management and employees. This is an exciting opportunity for us to build on our existing joint venture relationship with Nexen in Canada, and to acquire a leading international platform in the process. We strongly believe that this acquisition will create long term value https://www.newmoncleroutlet.com for CNOOC Limited’s shareholders.” cheap moncler moncler outlet store coats

moncler outlet store Commenting on the acquisition, Mr. Barry Jackson, Chairman of the Board of Nexen, said, “This transaction delivers significant and immediate value to Nexen shareholders. The Nexen Board is unanimous in its view that the transaction is in the moncler jacket sale best interest of Nexen and recommends shareholders vote in favor of the transaction.” moncler outlet store

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CNOOC Limited has been a significant investor in Canada since 2005, with total capital invested of C$2.8 billion. These investments include a stake in MEG Energy Inc.

CNOOC Limited will implement and enhance Nexen’s current planned capital expenditure program, thereby investing significant capital in Canada and in Nexen’s other international assets. CNOOC Limited brings greater financial capacity to cheap moncler jackets better realize the full potential of Nexen’s significant resource base.