03:51 PM EST - Western Oil Sands : shares jumped up 6.8 percent Friday, a day after the firm reported sharply higher reserves and said it's exploring a possible sale or merger. The company, which has a 20 percent stake in the Athabasca Oil Sands Project, reported late Thursday its proved and probable crude-oil reserves increased year over year by 86 percent to 577 million barrels, as of Dec. 31. It also released, for the first time, its estimate of contingent resources at 891 million barrels. Western Oil Sands
shares T.WTO are trading up $1.24 at $33.29.
