[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.