Marathon's Acquisition of Western Oil Sands Approved by Western Shareholders
HOUSTON, Oct. 16 / -- Marathon Oil Corporation (NYSE:MRO) has been advised that its proposed acquisition of Western Oil Sands Inc. was approved by more than 99 percent of the Western shareholders who voted in a special meeting held today in Calgary. In addition, the final court order was issued by the Court of the Queen's Bench of Alberta approving the transaction. The closing of the transaction is expected to take place Oct. 18, 2007.
Marathon is an integrated international energy company engaged in exploration and production; integrated gas; and refining, marketing and transportation operations. Marathon, which is based in Houston, has principal operations in the United States, Angola, Equatorial Guinea, Gabon, Indonesia, Ireland, Libya, Norway and the United Kingdom. Marathon is the fourth largest United States-based integrated oil company and the nation's fifth largest refiner.
Media Relations Contacts:
Lee Warren
713-296-4103
Scott Scheffler
713-296-4102
Investor Relations Contacts:
Ken Matheny
713-296-4114
Howard Thill
713-296-4140
Michol Ecklund
713-296-3919
Source: Marathon Oil Corporation
Web site: http://www.marathon.com/