Wednesday, February 8, 2012

Oilsands Quest files for bankruptcy

Canada’s Oilsands Quest Inc filed for Chapter 15 protection from creditors in a U.S. bankruptcy court, after it failed to find buyers for its Wallace Creek assets in Alberta. On 27-Sep-2011, Oilsands Quest had signed a non-binding Letter of Intent to sell its Wallace Creek assets for $40 million, which was subsequently cancelled. Continue reading here..

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