Total E&P Canada Ltd., a wholly-owned subsidiary of Total, announces that it has acquired approximately 78% of the issued and outstanding common shares of Deer Creek Energy Ltd. pursuant to its offer and take-over bid circular dated August 5, 2005 as varied by its notice of variation and extension dated September 2, 2005. This offer to acquire the Common Shares at a price of 31 Canadian dollars per Common Share expired at 1:00 a.m. on September 13, 2005.
Total is extending its offer to 5:00 pm (Calgary time) on September 26, 2005 to allow additional time for the Deer Creek shareholders who have not deposited their Common Shares to tender their shares to the offer. The intention of Total is to acquire all of the remaining Common Shares not deposited under the offer and to delist the Common Shares from the Toronto Stock Exchange. |