M&A Deal Summary

Cardinal Energy Group Acquires Harvest Operations - Heavy Oil Assets

On December 1, 2012, Cardinal Energy Group acquired oil/gas exploration company Harvest Operations - Heavy Oil Assets from Harvest Operations for 22M USD

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

M&A Deal Summary
Date 2012-12-01
Target Harvest Operations - Heavy Oil Assets
Sector Oil/Gas Exploration
Buyer(s) Cardinal Energy Group
Sellers(s) Harvest Operations
Deal Type Divestiture
Deal Value 22M USD

Target

Harvest Operations - Heavy Oil Assets

Canada

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Buyer(S) 1

Buyer

Cardinal Energy Group

Dublin, Ohio, United States
Category Company
Sector Oil/Gas Exploration
Employees6
Revenue 17M USD (2013)
DESCRIPTION

Cardinal Energy Group, Inc. is an oil and gas company. The company focus on acquiring fields with existing production that are underdeveloped and located within formations that have demonstrated good historical production.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Canada) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Harvest Operations

Calgary, Alberta, Canada
Category Company
Founded 2002
Sector Oil/Gas Exploration
DESCRIPTION

Harvest Operations Corp. is a provider of exploration, development and production of crude oil and natural gas (Upstream) and an oil sands project under construction and development in northern Alberta (BlackGold).

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Canada) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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