Oil & Gas Exploration & Production M&A » By The Online Investor Staff, updated Thu., Apr. 18, 7:53 PM
Recent mergers and acquisitions in the Oil & Gas Exploration & Production M&A category.
| This Slide: #16 of 100 |
Slide #16. Surge Energy Inc. — Longview Oil Corp.
Acquirer:
Surge Energy Inc. (TSE:SGY.CA)
Acquiree:
Longview Oil Corp. (LNV.CA)
Details:
Surge Energy Inc. (TSX: SGY) ("Surge" or the "Company") and Longview Oil Corp. (TSX: LNV) ("Longview") are pleased to announce today that they have entered into an arrangement agreement, pursuant to which Surge has agreed to acquire all of the issued and outstanding common shares of Longview by way of a plan of arrangement transaction. The proposed transaction results in the formation of an elite, intermediate, light and medium oil focused, dividend paying, growth company. The combined asset base will be strategically focused in the Williston Basin and Central Alberta with significant complimentary reserves, production, land and operations. The proposed transaction is accretive to Surge on all metrics, and adds concentrated reserves, production, land, and operations that are contiguous with Surge's existing core areas.
Surge Energy is engaged in the exploration, development and production of oil and gas from properties in western Canada.
Open the SGY.CA Page at The Online Investor »
|
|||||||||
Open the SGY.CA Page at The Online Investor (in a new window) »
 Free SGY.CA Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
