Marathon announces new exchange ratio for Western Oil Sands' exchangeable shares

By Devika Patel

Knoxville, Tenn., Feb. 18 - Marathon Oil Corp. notified former shareholders of Western Oil Sands Inc. who hold exchangeable shares that the new exchange ratio for the shares is 1.03723, effective March 10.

The current exchange ratio is 1.02811.

The change is due to the $0.24-per-share dividend Marathon is paying on March 10 to stockholders of record as of Feb. 18.

The shares became exchangeable for Marathon stock when the company acquired Western Oil Sands.

Marathon, based in Houston, is an oil and natural gas exploration and production company.

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