Abacan acquires additional offshore acreage in the Niger Delta.CALGARY, Alberta--(BUSINESS WIRE)--Nov. 25, 1996--Abacan (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. ; NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ABACF) -- Abacan Resource Corporation announced today the signing of a Joint Venture Agreement by one of its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. granting the company the exclusive right to explore and receive production revenues from Concession Block 233 located in shallow water in the Niger Delta, offshore the south-central coast of Nigeria. The Joint Venture Agreement was signed with Petroleum Products Company Limited, an indigenous Nigerian company and is subject to the approval of the Nigerian government. CONTACT: Abacan Resource Corporation Wade Cherwayko, 403/ 262-1220 or Abacan Resource Corporation Ms. Lon Boshouwers, 403/ 262-1220 |
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