Pan-Ocean Energy Corp. Company News

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Addax Reports 18% Boost in Earnings for 2006
Addax Petroleum Corp. on Wednesday announced its results for the year ended December 31, 2006. The financial results are prepared in accordance with Canadian GAAP and the reporting currency is US dollars.
8:00 PM EST | March 20, 2007
Addax Reports 80% Jump in Proved, Probable Reserves
Addax Petroleum Corp. announced late Thursday that its Board of Directors has accepted a reserve report prepared by Netherland, Sewell & Associates Inc. that evaluates all of its petroleum reserves.
7:00 PM EST | January 18, 2007
Pan-Ocean Closes Sale to Addax Petroleum
Pan-Ocean Energy has completed the sale of substantially all of the assets and operations of the Company to Addax Petroleum Corporation for cash consideration of CDN$1.605 billion.
8:00 PM EST | September 06, 2006
Pan-Ocean Shareholders Approve of Addax Merger
Pan-Ocean Energy's shareholders approved the Scheme of Arrangement whereby Addax Petroleum will acquire substantially all of the assets and operations of the Company.
8:00 PM EST | August 29, 2006
Addax Announces Public Offering
Addax Petroleum Corp. said Thursday that it has entered into an underwriting agreement and filed and obtained a receipt for a final short form prospectus relating to the distribution of 13,000,000 subscription receipts at a price of CDN$27.25 apiece.
8:00 PM EST | August 10, 2006
Addax Petroleum to Acquire two Pan-Ocean Energy Subsidiaries
Addax Petroleum has agreed to acquire two subsidiaries of Pan-Ocean Energy for C$1.605 billion in cash and will assume net debt estimated to be C$30 million.
8:00 PM EST | July 19, 2006
Pan-Ocean Confirms PanAfrican Share Sale Talks
Pan-Ocean Energy Corp. Limited confirmed Wednesday that it has had preliminary discussions with parties in respect to potential transactions that could lead to a sale of its shares in subsidiary PanAfrican Energy Corp. Mauritius.
8:00 PM EST | July 11, 2006