M&A Deal Summary

Bonavista Energy Acquires Skana Exploration

On October 1, 2011, Bonavista Energy acquired oil/gas exploration company Skana Exploration for 78M USD

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

M&A Deal Summary
Date 2011-10-01
Target Skana Exploration
Sector Oil/Gas Exploration
Buyer(s) Bonavista Energy
Deal Type Divestiture
Deal Value 78M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Skana Exploration

Calgary, Alberta, Canada
Skana Exploration Ltd. is a oil/gas exploration provider in Canada.

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Buyer(S) 1

Buyer

Bonavista Energy

Calgary, Alberta, Canada
Category Company
Founded 1987
Sector Oil/Gas Exploration
Revenue 515M CAD (2018)
DESCRIPTION

Bonavista Energy is a mid-sized energy corporation committed to prudently operating high quality oil and natural gas properties and providing consistent returns to our shareholders while ensuring financial strength and sustainability. Bonavista Energy was founded in 1987 and is based in Calgary, Canada.

DEAL STATS #
Overall 2 of 3
Sector (Oil/Gas Exploration) 2 of 3
Type (Divestiture) 1 of 2
State (Alberta) 2 of 2
Country (Canada) 2 of 3
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-16 TriQuest Energy

Calgary, Alberta, Canada

TriQuest Energy Corp. ('TriQuest'), an exploration and production company based in Calgary, Alberta, Canada. TriQuest was primarily focused on growing its reserve base through exploration and development in West Central Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-12 Angle Energy - Edson Assets

Canada

Buy $74M
Mergr

Product

Company

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