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Compass Petroleum Looking At Options, Including Possible Sale

Compass Petroleum Ltd. (CPO.V) announced today that its board of directors has determined to consider a range of strategic alternatives, with a view to enhancing shareholder value, including a possible sale.

It said: "Strategic alternatives may include a sale of all or a material portion of the assets of Compass, either in one transaction or in a series of transactions, the outright sale of the corporation or a merger or other transaction involving Compass and a third party. The strategic review process has not been initiated as a result of any particular offer and there are no assurances that a transaction will be undertaken."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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