BRIEF-Connacher announces that its oil sands assets are for sale pursuant to a sale and investment solicitation process

Thu May 19, 2016 7:54pm EDT
 
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May 19 (Reuters) - Connacher Oil And Gas Ltd

* Connacher oil and gas limited announces that its oil sands assets are for sale pursuant to a sale and investment solicitation process

* Ernst & young inc. Has been appointed monitor ( "monitor") of corporation for ccaa proceedings

* It and monitor are currently seeking parties interested in acquiring or investing in business or assets of corp

* Assets of co include 100% working interest in about 87,000 net acres of oil sands leases located southwest of fort mcmurray

* Assets of co located southwest of fort mcmurray, alberta , has estimated gross 2p reserves of 436 million barrels Source text for Eikon: Further company coverage: )