Add-on Acquisition • Oil/Gas Exploration

Condor Energies Acquires Marsa Energy

On January 7, 2016, Condor Energies acquired oil/gas exploration company Marsa Energy

Acquisition Context

This is Condor Energies’ 1st transaction in the Oil/Gas Exploration sector.
This is Condor Energies’ 1st transaction in Canada.
This is Condor Energies’ 1st transaction in Alberta.

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M&A Deal Summary
Date	January 7, 2016
Target	Marsa Energy
Sector	Oil/Gas Exploration
Buyer(s)	Condor Energies
Deal Type	Add-on Acquisition
Advisor(s)	Black Spruce Merchant Capital (Financial)

Target Company

Marsa Energy

Calgary, Alberta, Canada

Marsa Energy Inc. is an international energy company engaged in the acquisition, exploration, development and production of oil and natural gas and has a 100% working interest in four contiguous production licenses covering approximately 171 square kilometers located on the Gallipoli Peninsula in the Republic of Turkey.

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Buyer Overview 1

Buyer

Condor Energies

Calgary, Alberta, Canada

Category	Company
Founded	2006
Sector	Oil/Gas Exploration
Employees	194
Revenue	67M CAD (2024)

DESCRIPTION

Condor Energies is an oil and gas company engaged in exploration and production activities. Condor Energies was founded in 2006 and is based in Calgary, Alberta.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Oil/Gas Exploration	1 of 1
Type: Add-on Acquisition	1 of 1
State: Alberta	1 of 1
Country: Canada	1 of 1
Year: 2016	1 of 1

Explore Related M&A Activity

Oil/Gas Exploration M&A - Add-on Acquisition M&A Deals - Alberta M&A - Canada M&A - 2016 M&A