Total S.A.
13 September 2005
Total acquires approximately 78% of Deer Creek
Paris - September 13th, 2005 - Total E&P Canada Ltd., a wholly-owned
subsidiary of Total, announces that it has acquired approximately 78% of the
issued and outstanding common shares of Deer Creek Energy Ltd. pursuant
to its offer and take-over bid circular dated August 5, 2005 as varied by its
notice of variation and extension dated September 2, 2005. This offer to
acquire the Common Shares at a price of 31 Canadian dollars per Common
Share expired at 1:00 a.m. on September 13, 2005.
Total is extending its offer to 5:00 pm (Calgary time) on September 26, 2005
to allow additional time for the Deer Creek shareholders who have not
deposited their Common Shares to tender their shares to the offer. The
intention of Total is to acquire all of the remaining Common Shares not
deposited under the offer and to delist the Common Shares from the Toronto
Stock Exchange.
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Total is the fourth largest oil and gas company in the world with operations in
more than 130 countries. Total's activities cover the whole energy chain of the
petroleum industry: exploration, oil and gas production, refining and marketing,
trading and power generation. The Group is also a major player in chemicals.
Total has more than 111,000 employees worldwide. More information can be found
on the company's website: www.total.com
This information is provided by RNS
The company news service from the London Stock Exchange
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