Wednesday, January 13, 2010

Southern Star Will Not Merge

I saw that Southern Star Energy opted out of its previously announced three-way merger with Lion Energy and Gold Star Resources.  I had thought it was an odd sounding merger back in November.  Southern Star said that the problem was "the existing exploration commitments of Lion are not compatible with the strategic objectives and envisioned business model for the combined entities."  Perhaps the increased price of natural gas has changed the company's perspective.  

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