M&A Deal Summary

Bellatrix Acquires Posco Daewoo - complementary assets

On November 26, 2018, Bellatrix acquired oil/gas exploration company Posco Daewoo - complementary assets from Posco International for 10M CAD

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

M&A Deal Summary
Date 2018-11-26
Target Posco Daewoo - complementary assets
Sector Oil/Gas Exploration
Buyer(s) Bellatrix
Sellers(s) Posco International
Deal Type Divestiture
Deal Value 10M CAD

Target

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.

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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 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 1 of 1
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-11 Angle Energy

Calgary, Alberta, Canada

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

Buy $576M

Seller(S) 1

SELLER

Posco International

Incheon, South Korea
Category Company
Founded 1967
Sector Oil/Gas Exploration
Employees1,698
Revenue 33.13T KRW (2023)
DESCRIPTION

Posco International engages in trading, natural resource development, infrastructure development and operation, and other businesses worldwide. Posco International was founded in 1967 and is based in Incheon, South Korea.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 Senex

Brisbane, Australia

Senex is an oil and gas explorer and producer. Senex was founded in 1980 and is based in Brisbane, Australia.

Buy AU$852M
Mergr

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