M&A Deal Summary

Tourmaline Oil Acquires APL Oil & Gas

On November 1, 2012, Tourmaline Oil acquired oil/gas exploration company APL Oil & Gas for 84M USD

Acquisition Highlights
  • This is Tourmaline Oil’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Tourmaline Oil’s 6th largest (disclosed) transaction.
  • This is Tourmaline Oil’s 2nd transaction in Canada.
  • This is Tourmaline Oil’s 2nd transaction in Alberta.

M&A Deal Summary

Date 2012-11-01
Target APL Oil & Gas
Sector Oil/Gas Exploration
Buyer(s) Tourmaline Oil
Deal Type Add-on Acquisition
Deal Value 84M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

APL Oil & Gas

Calgary, Alberta, Canada
APL Oil & Gas (1998) Ltd. is a provider of oil/gas exploration services.

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Buyer(S) 1

Buyer

Tourmaline Oil

Calgary, Alberta, Canada

website


Category Company
Founded 2008
Sector Oil/Gas Exploration
Employees296
Revenue 8.7B CAD (2022)
DESCRIPTION

Tourmaline Oil focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. Tourmaline Oil was founded in 2008 and is based in Calgary, Alberta.


DEAL STATS #
Overall 2 of 10
Sector (Oil/Gas Exploration) 2 of 10
Type (Add-on Acquisition) 2 of 9
State (Alberta) 2 of 9
Country (Canada) 2 of 10
Year (2012) 1 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-11 Cinch Energy

Calgary, Alberta, Canada

Cinch Energy Corp., a junior oil and gas company, engages in the exploration for and development of oil and natural gas properties primarily in west central Alberta and north east British Columbia, Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-30 Huron Energy

Calgary, Alberta, Canada

Huron Energy Corporation is a private exploration and production company led by the former management team of Rubicon Energy Corporation, a successful explorer in the Pembina Nisku oil play. Huron is pursuing a full cycle exploration strategy targeting unconventional gas resources in the Triassic formation in northeast British Columbia.

Buy -