Nexen Announces 30-day Extension of CNOOC Agreement, Postpones Q4 Results
Nexen Inc. ( NXY ) announced today that it and CNOOC Limited have mutually agreed to extend the 'Outside Date' of the Arrangement Agreement by 30 days to March 2, 2013. In connection with the extension, Nexen also announced that it will postpone the release of its 2012 fourth quarter and annual operating and financial results.
It said: "Completion of the Agreement remains subject to the receipt of United States regulatory approval and the satisfaction or waiver of other customary closing conditions. Key regulatory approvals have been received from Canada, the United Kingdom, the European Union and the People's Republic of China."