M&A Deal Summary

Toro Oil & Gas Acquires Zargon Oil & Gas - Alberta Hamilton Lake Viking Assets

On December 22, 2014, Toro Oil & Gas acquired oil/gas exploration company Zargon Oil & Gas - Alberta Hamilton Lake Viking Assets from Zargon Oil & Gas for 23M USD

Acquisition Highlights
  • This is Toro Oil & Gas’ 2nd transaction in the Oil/Gas Exploration sector.
  • This is Toro Oil & Gas’ largest (disclosed) transaction.

M&A Deal Summary

Date 2014-12-22
Target Zargon Oil & Gas - Alberta Hamilton Lake Viking Assets
Sector Oil/Gas Exploration
Buyer(s) Toro Oil & Gas
Sellers(s) Zargon Oil & Gas
Deal Type Divestiture
Deal Value 23M USD

Target

Zargon Oil & Gas - Alberta Hamilton Lake Viking Assets

The Hamilton Lake property had been recently producing approximately 170 barrels of oil per day and 1.40 million cubic feet per day

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Buyer(S) 1

Buyer

Toro Oil & Gas

Calgary, Alberta, Canada

website


Category Company
Founded 2001
Sector Oil/Gas Exploration
DESCRIPTION

Toro Oil & Gas Ltd. is a oil and gas energy company. Toro is focused on acquiring, developing and exploiting large oil in place pools within the Alberta-Saskatchewan Viking light oil fairway.


DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 1 of 1
Country () 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-12 Cumberland Oil & Gas

Calgary, Canada

Cumberland Oil & Gas Ltd., a junior oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas reserves in Alberta, Canada.

Buy -

Seller(S) 1

SELLER

Zargon Oil & Gas

Calgary, Alberta, Canada

website


Category Company
Founded 1987
Sector Oil/Gas Exploration
DESCRIPTION

Zargon Oil & Gas is an oil and natural gas company working in the Western Canadian and Williston sedimentary basins. Zargon's business is focused on oil exploitation projects that profitably increase oil production and recovery factors from existing oil reservoirs. Zargon Oil & Gas is based in Calgary, Alberta.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country () 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-01 Masters Energy

Calgary, Alberta, Canada

Masters Energy, Inc. is a provider of oil and gas exploration services.

Buy $41M