M&A Deal Summary

China National Petroleum Acquires Verenex Energy

On December 1, 2009, China National Petroleum acquired oil/gas exploration company Verenex Energy for 499M USD

Acquisition Highlights

This is China National Petroleum’s 1st transaction in the Oil/Gas Exploration sector.
This is China National Petroleum’s largest (disclosed) transaction.
This is China National Petroleum’s 1st transaction in Canada.
This is China National Petroleum’s 1st transaction in Alberta.

M&A Deal Summary
Date	2009-12-01
Target	Verenex Energy
Sector	Oil/Gas Exploration
Buyer(s)	China National Petroleum
Deal Type	Add-on Acquisition
Deal Value	499M USD
Advisor(s)	FirstEnergy Capital Corp. (Financial)

Target

Verenex Energy

Calgary, Alberta, Canada

Verenex Energy, Inc. is an oil and gas production and exploration provider.

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Buyer(S) 1

Buyer

China National Petroleum

Beijing, China

Category	Company
Sector	Oil/Gas Exploration
Employees	1,656,465
Revenue	408.6B USD (2012)

DESCRIPTION

China National Petroleum is China's largest integrated oil and gas company.

DEAL STATS	#
Overall	1 of 1
Sector: Oil/Gas Exploration M&A	1 of 1
Type: Add-on Acquisition M&A Deals	1 of 1
State: Alberta M&A	1 of 1
Country: Canada M&A	1 of 1
Year: 2009 M&A	1 of 1
Size (of disclosed)	1 of 1