09:59 AM EST - Celtic Exploration Ltd. : says it has Ottawa's approval to be taken over by energy heavyweight ExxonMobil Corp. for $3.1 billion. The approval under the Investment Canada Act means that no further regulatory approvals are required. The deal, announced last October, will see Exxon add lucrative natural gas liquids to its portfolio through the control of about 221,000 hectares in the Montney formation in B.C. and Alberta and 42,000 hectares in the emerging Duvernay shale in Alberta. The deal is expected to be completed Feb. 26. Celtic Exploration Ltd.
shares T.CLT are trading up $0.27 at $27.12.
