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Poplar Creek Resources Inc. Announces Signing of Memorandum of Understanding With Norwegian Oil Sands Inc
Jul. 23, 2010 09:09PM PST
Oil and Gas InvestingPoplar Creek Resources Inc. (PCK) (TSX VENTURE:PCK) announced the signing of a Memorandum of Understanding with Norwegian Oil Sands Corp. whereby PCK, subject to certain conditions set forth in the MOU, has the right to earn a 50% interest in 31 sections of contiguous Oil Sand Leases owned by NOS.
Poplar Creek Resources Inc. (PCK) (TSX VENTURE:PCK) announced the signing of a Memorandum of Understanding with Norwegian Oil Sands Corp. whereby PCK, subject to certain conditions set forth in the MOU, has the right to earn a 50% interest in 31 sections of contiguous Oil Sand Leases owned by NOS.
The press release is quoted as saying:
The Oil Sand Leases are located in the Chard Area (Townships 79 & 80 Range 6 W4M) and are in proximity of the Christina Lake Project and the Surmont Commercial SAGD project along with other commercial projects in the Athabasca Oil Sands Area.
Click here to access the entire press release