PetroWorth Announces a Normal Course Issuer Bid

- August 19th, 2010

PetroWorth Resources Inc. (CNQ:PTW) announced its intention to make a normal course issuer bid to repurchase some of its common shares through the facilities of the CNSX stock exchange.

PetroWorth Resources Inc. (CNQ:PTW) announced its intention to make a normal course issuer bid to repurchase some of its common shares through the facilities of the CNSX stock exchange.

The press release is quoted as saying:

PetroWorth Resources Inc. is a junior oil and gas exploration company with extensive onshore properties in Eastern Canada. The Company has acquired 100% working interests in almost one million acres in nine separate exploration permits on Prince Edward Island, Nova Scotia and New Brunswick. The strategy of the company is to conduct aggressive exploration programs on these permits, both internally generated and through advantageous farm-in arrangements.

Click here to access the entire press release

6 responses to “PetroWorth Announces a Normal Course Issuer Bid

  1. The PSC will table their report to Parliament and although technically you cant say PSC will have final say on the matter – the report will speak volumes and WILL have have a huge effect on the decision made by the Parliament. Other wise why set up this commission?

  2. The PSC will table their report to Parliament and although technically you cant say PSC will have final say on the matter – the report will speak volumes and WILL have have a huge effect on the decision made by the Parliament. Other wise why set up this commission?

  3. “He mentioned that the two countries spoke about the Lynas project before signing and added that that Malaysia’s Parliamentary Select Committee will have the final say on the matter.”

    This is incorrect! No one from the Malaysian Government has ever said the PSC will have the final say on the matter. Poor reporting!

    1. Hello Chris, 

      You are correct. No one in the Malaysian Government has made such a claim. It was – as reported in the article – Craig Emerson, the Australian Trade and Competitiveness Minister, who was quoted as saying that Malaysia will have the final say on the matter. http://www.freemalaysiatoday.com/category/nation/2012/05/22/lynas-no-effect-on-aussie-msia-trade-talks/

      We have clarified the statement. 

      Thank you for reading. 

  4. “He mentioned that the two countries spoke about the Lynas project before signing and added that that Malaysia’s Parliamentary Select Committee will have the final say on the matter.”

    This is incorrect! No one from the Malaysian Government has ever said the PSC will have the final say on the matter. Poor reporting!

    1. Hello Chris, 

      You are correct. No one in the Malaysian Government has made such a claim. It was – as reported in the article – Craig Emerson, the Australian Trade and Competitiveness Minister, who was quoted as saying that Malaysia will have the final say on the matter. http://www.freemalaysiatoday.com/category/nation/2012/05/22/lynas-no-effect-on-aussie-msia-trade-talks/

      We have clarified the statement. 

      Thank you for reading. 

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