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Nexen Announces Closing Of Shale Gas Joint Venture Agreement
August 8, 2012
Nexen Inc. (TSX, NYSE: NXY) has announced we have completed the previously announced sale of a 40% interest in our northeast British Columbia shale gas assets to a consortium led by INPEX CORPORATION of Japan. The total consideration for the sale is $700 million, with 50% cash and a 50% capital carry, effective July 1, 2011. ...
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