American Leduc Petroleum
Investors in the United States took note when a major Canadian oilfield was discovered south of Edmonton.
The Imperial Oil Company’s February 1947 wildcat well had revealed the Leduc formation, which turned out to be the most prolific geological formation in Alberta.
Established the same year, the American Leduc Petroleum Company’s future quickly came into doubt when a Wall Street con man became its president. Lowell Birrell used the company”s impressive name to promote bogus drilling ventures to investors. (more…)
