SEPAC's Wolf: Start-ups freshen Canadian oil sector

09/15/2003
A new crop of start-up companies is bringing fresh ideas to the Canadian oil and gas sector, says the chairman of the Small Explorers & Producers Association of Canada (SEPAC).David Wolf, president of Stone Petroleums Ltd., notes that new oil and gas companies are being formed at a record pace in Canada. Many of the new firms, he says, are being organized as private companies by teams of managers who previously worked for larger firms that were targets of merger and acquisition activity. He says they are well-funded and connected to the market and are going to make a big splash collectively when they gather momentum.Wolf says the companies will pursue Canadian exploration and development ...
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