KNOC strikes oil in Canada

KNOC strikes oil in Canada
Monday, September 30th, 2013

http://sweetcrudereports.com/2013/09/30/knoc-strikes-oil-in-canada/

30 September 2013 News Wires - State-run Korea National Oil Corp, KNOC, said on Sunday its Canadian subsidiary found at least 5.9 million barrels of oil in a well where it began drilling earlier this month.

Canada's Harvest drilling finds 5.9 mln bbls oil reserve - KNOC

Canada's Harvest drilling finds 5.9 mln bbls oil reserve - KNOC

SEOUL, Sept 29 | Sun Sep 29, 2013 5:33am EDT

(Reuters) - State-run Korea National Oil Corp (KNOC) said on Sunday its loss-making subsidiary Harvest Operations had found at least 5.9 million barrels of crude oil in a Canadian well where it began drilling earlier this month.

http://www.reuters.com/article/2013/09/29/knoc-korea-canada-idUSL4N0HP07A20130929

UPDATE 1-S.Korea's KNOC says eyeing sale of parts of Canadian unit Harvest

UPDATE 1-S.Korea's KNOC says eyeing sale of parts of Canadian unit Harvest

Tue Sep 24, 2013 4:37am EDT

* A few buyers showed interest in some assets of Harvest

* KNOC re-evaluating overseas assets including UK-based Dana

* Could sell parts of overseas assets to reinforce business

By Meeyoung Cho

SEOUL, Sept 24 (Reuters) - State-run Korea National Oil Corporation (KNOC) said it is considering selling 'non-core parts' of its loss-making Canadian energy subsidiary Harvest Operations and reviewing other overseas assets for potential sale of some of their parts.

http://www.reuters.com/article/2013/09/24/knoc-korea-harvest-idUSL4N0HK16720130924

NYT: Korean Oil Firm Is Part of Group Buying El Paso Assets

NYT

March 21, 2012, 12:24 pm Mergers & Acquisitions
Korean Oil Firm Is Part of Group Buying El Paso Assets
By MICHAEL J. DE LA MERCED

The consortium of firms buying the El Paso Corporation’s exploration and production businesses has grown a little larger and has drawn overseas interest.