ASC settles illegal insider trading with Nova Scotia well testing consultant

    CALGARY, Dec. 27 /CNW/ - The Alberta Securities Commission (ASC) has
announced a settlement of $12,500 with Nova Scotia oil and gas well testing
consultant Blair MacDougall regarding allegations of illegal insider trading.
MacDougall has also agreed to cease trading in or purchasing securities, with
some exceptions, for a period of three years.
    In a Settlement Agreement, MacDougall admitted he sold 18,000 shares of
Marauder Resources East Coast Inc., with undisclosed well data that indicated
the drilling of a particular well was unsuccessful. At the time, MacDougall
was contracted by EnCana to provide well testing consulting services for a
joint EnCana/Marauder well project off the coast of Nova Scotia. MacDougall
avoided a loss of $5,035.50 through this transaction.
    A copy of the Settlement Agreement is posted on the ASC website at

    The ASC is the regulatory agency responsible for administering the
province's securities laws. It is entrusted to foster a fair and efficient
capital market in Alberta and to protect investors. As a member of the
Canadian Securities Administrators, the ASC works to improve, coordinate and
harmonize the regulation of Canada's capital markets.

For further information:

For further information: For Media Inquiries: Mark Dickey, Senior
Communications Advisor, (403) 297-4481,; For Investor
Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488

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