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Mercom Capital

05:00 on 22/11/2017

Current Price 39.50p | Bid 39.00p | Ask 40.00p | Change 0.00%

Company Overview

Mercom Oil Sands plc was established on 15 February 2012 to acquire and develop in situ oil sand properties in Canada. On 25 February 2012, the Company entered into a Farm-in Agreement to acquire a 50% ownership and working interest in four oil sand leases over the Chard field in Alberta, Canada (the 'Chard Oil Sands Leases') in consideration for C$700,000 and for agreeing to fund a further C$2.5 million of exploration and development expenditure on these leases. The Chard Oil Sands Leases are located in the Athabasca oil sands in north eastern Alberta and comprise of 31 sections covering a total of 7,936 hectares (19,610 acres). Alberta has the largest oil sand reserves in the world and the Athabasca region contains the largest deposit, representing approximately 82% of Alberta's total oil sands resources. Alberta is also well located for the US market, which is the world's largest consumer of oil.

Stock Details

Shares in Issue 29,426,773
Market cap £ 4.12m
Sector Oil & Gas Producers
Indices FTSE AIM All-Share Index

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Price Summary

Mid Price ? 0.00p
Bid Price ? 39.00p
Ask Price ? 40.00p
Volume ? 0
Change Today 0.00p
% Change Today 0.00%
Open 0.00p
Previous Close 39.50p
Intraday High 0.00p
Intraday Low 0.00p
52 Week High 0.00p
52 Week Low 0.00p

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