M&A Deal Summary

Bellatrix Acquires Angle Energy

On December 11, 2013, Bellatrix acquired oil/gas exploration company Angle Energy for 576M USD

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

M&A Deal Summary
Date 2013-12-11
Target Angle Energy
Sector Oil/Gas Exploration
Buyer(s) Bellatrix
Deal Type Add-on Acquisition
Deal Value 576M USD
Advisor(s) FirstEnergy Capital Corp.
Cormark Securities, Inc. (Financial)

Target

Angle Energy

Calgary, Alberta, Canada
Angle Energy, Inc. is a provider of oil/gas exploration services in Canada.

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Buyer(S) 1

Buyer

Bellatrix

Calgary, Alberta, Canada
Category Company
Sector Oil/Gas Exploration
Revenue 205M CAD (2018)
DESCRIPTION

Bellatrix is an intermediate, exploration and production company based in Calgary, Alberta, Canada.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 2
Country (Canada) 1 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 Posco Daewoo - complementary assets

Ferrier, Alberta, Canada

Posco Daewoo Corp. - complementary assets comprise approximately 1,250 boe/d (65% natural gas, 35% liquids) of low decline (<15%) current production and represent the consolidation of working interest ownership in existing producing wells and formation rights.

Buy CA$10M
Mergr

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