TXO takes 20% stake in Canadian oil sands start-up - Investment - TopicsExpress

TXO takes 20% stake in Canadian oil sands start-up - Investment group TXO (LON:TXO) has added Canadian oil sands to its diverse portfolio of investments through the acquisition of a 20% stake in Canadian company Athabasca Resources. Athabasca has just signed a heads of agreement to 50% farm-in into 7,936 hectares in the Athabasca Oil sands in Alberta. This area already accounts for approximately 45% of Canadian production, 98% of its potential reserves and is the worl... ow.ly/2A9T8s

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