AMOCO, DOW PLAN CANADIAN JOINT VENTURE.
Amoco Canada Petroleum Co. Ltd. and Dow Chemical Canada Inc. plan to form a joint venture to own and operate Canadian leases with a total productive capacity of 44,000 b/d of oil equivalent. A letter of intent signed by both companies calls for shares in the new joint venture company to be sold to the public by mid-1994. Amoco and Dow would then dispose of their interests by Dec. 31, 1996. At least 70% of the shares are to be sold to Canadians.