Calgary Oil/Gas Company Renames A Subsidary After PIXAR

[Editor's Note: This business is totally unrelated to PIXAR, but I thought it pertinent in a "news of the wierd" kind of way. I wonder what Emeryville's lawyers will think.]

Paramount Resources Ltd. (TSX:POU) (“Paramount” or the “Company”) is pleased to announce the reorganization of all of the Company’s oil sands and carbonate bitumen interests into a new wholly-owned subsidiary, Pixar Petroleum Corp. (“Pixar”). The reorganization is being undertaken to create a focused, self-funding oil sands entity in order to accelerate the development of Paramount’s bitumen interests. Dr. William Roach has been appointed as Pixar’s President and Chief Executive Officer. In addition, the initial independent resource estimates for the Saleski and other carbonate bitumen properties have now been completed
and the Company is pleased to announce the results.

REORGANIZATION
Upon completion of the reorganization in early-December, all of Paramount’s oil sands and carbonate bitumen leases will be owned by Pixar — including Paramount’s Hoole and Saleski leases. In total, Pixar will own approximately 275 sections of Crown oil sands leases in the western Athabasca region of Alberta, the majority of which are 100 percent owned. These leases are prospective in multiple formations, primarily for thermal in-situ development, but also have potential for cold production.

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  • http://www.segaltoons.com Steve Segal

    Lawsuit coming? I know it an entirely different enterprise, but the Pixar name is so identified with quality, it seems no one else should be allowed to use it.

    • Ursaring93

      Ya, will thats not how trademark law works, their needs to be a likelihood of confusion, which their clearly isn’t here. Who the frig would think Pixar is making oil and gasoline.

  • Nic Kramer

    Agree. Does this oil company even heard of “Finding Nemo”?

  • elephantmarch

    Furthermore everyone’s going to think Pixar (the animation company) has a hand in this. God i’m glad i’m not Albertan

  • J

    Before I read it I thought they were going to name the company “Dinoco.”