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Compton Petroleum expects to sell company by fall

By Associated Press
June 12, 2008 | Comments (0)

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Compton Petroleum Corp., a Canadian natural gas company, said Thursday it hopes to sell the company by this autumn.

Late last year majority shareholder Centennial Energy Partners LLC, which owns 19.7 percent of Compton, urged the board to consider selling the company.

Compton said it "is proceeding with potential sales of certain noncore properties which will result in Compton becoming a highly focused non-conventional natural gas company."

Tristone Capital Inc. and UBS Securities Canada Inc. will continue their role as financial advisers to the Calgary, Alberta-based company, Compton said.

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