Suncor

Suncor Energy and Petro-Canada join forces to create the premier Canadian naught play along The combination of Suncor Energy and Petro-Canada creates a globallycompetitive, Canadian- found integrated energy company with a balanced portfolio of high quality assets, a square balance sheet and significant growth prospects. All dollar bill figures in this news release are Canadian unless otherwise noted. This document makes reference to barrels of anoint equivalent (boe). A boe conversion ratio of six thousand cubic feet of innate gas: one barrel of crude oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a measure out equivalency at the wellhead. Accordingly, boe measures may be misleading, particularly if used in isolation. CALGARY, March 23, 2009 Suncor Energy Inc. (Suncor) (TSX/SU; NYSE/SU) and Petro-Canada (Petro-Canada) (TSX/PCA; NYSE/PCZ) today proclaimed that they stimulate agreed to merge the two companies. Upon completion of the transaction, the parties have agreed the combined entity allow operate corporately and trade chthonian the Suncor name, while maintaining the strong brand presence and customer devotion of Petro-Canada in refined products.

This merger creates a made-in-Canada energy attractor with the assets, cost structure and financial strength to compete globally, verbalize Rick George, who is president and chief executive officer of Suncor and who will assume the same role with the merged entity. The combined portfolio boasts the largest oil sands resource position, a strong Canadian downriver brand, solid conventional exploration and merchandise assets, and low-cost production from Canadas east coast and internationally. Under the terms of the disposition Agreement entered into between Suncor and Petro-Canada, the proposed merger will be realised by way of a Plan of Arrangement complete under the Canada Business Corporations Act. It will feature a car park share exchange through which Petro-Canada... If you want to get a full essay, order it on our website: Ordercustompaper.com

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