M&A Deal Summary

Conserve Oil Group Acquires Storm Resources

On January 1, 2013, Conserve Oil Group acquired oil/gas exploration company Storm Resources for 20M USD

Acquisition Highlights
  • This is Conserve Oil Group’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Conserve Oil Group’s largest (disclosed) transaction.
  • This is Conserve Oil Group’s 1st transaction in Canada.
  • This is Conserve Oil Group’s 1st transaction in Alberta.

M&A Deal Summary
Date 2013-01-01
Target Storm Resources
Sector Oil/Gas Exploration
Buyer(s) Conserve Oil Group
Deal Type Add-on Acquisition
Deal Value 20M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Storm Resources

Calgary, Alberta, Canada
website
Storm Resources Ltd. is a acquirer, explorer for, develops, and produces oil, natural gas, and natural gas liquids in the provinces of Alberta and British Columbia, Canada.

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Buyer(S) 1

Buyer

Conserve Oil Group

Calgary, Alberta, Canada

website

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Conserve Oil Group, Inc. is an energy company that manages assets and facilitate transactions into the Canadian resource sector.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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