Merged Canadian independents will combine North Sea/Black Sea interests
Offshore staff
CALGARY, Canada --Canadian independents Stratic Energy and Grove Energy have agreed to merge, subject to shareholder approval. They will re-name the combined company Stratic Energy Corp.
The new company will own interests in development projects in the Turkish sector of the Black Sea and in the UK and Dutch North Sea, with various other exploration interests in eastern Europe, the Middle East and North Africa, including offshore Tunisia. The Black Sea development should start up shortly, with the North Sea projects likely to start producing during 2008.
