Canada: Progress Gets Final Court Order for Petronas Deal

Progress Energy Resources Corp. announced that the Court of Queen’s Bench of Alberta has granted the final order approving the arrangement involving the acquisition of Progress by PETRONAS Carigali Canada Ltd.

The completion of the Arrangement remains subject to approval under the Investment Canada Act and the satisfaction of other usual and customary conditions.

Progress continues to anticipate that the Arrangement will be completed by the end of September 2012.

[mappress]
LNG World News Staff, August 30, 2012