M&A Deal Summary

Ember Resource Acquires Cordero Energy

On January 1, 2009, Ember Resource acquired oil/gas exploration company Cordero Energy for 250M USD

Acquisition Highlights
  • This is Ember Resource’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Ember Resource’s largest (disclosed) transaction.
  • This is Ember Resource’s 1st transaction in Canada.
  • This is Ember Resource’s 1st transaction in Alberta.

M&A Deal Summary

Date 2009-01-01
Target Cordero Energy
Sector Oil/Gas Exploration
Buyer(s) Ember Resource
Deal Type Add-on Acquisition
Deal Value 250M USD

Target

Cordero Energy

Calgary, Alberta, Canada
Cordero Energy, Inc. is a provider of oil and gas exploration services in canada.

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Buyer(S) 1

Buyer

Ember Resource

Calgary, Alberta, Canada

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Ember Resource is the largest producer of coalbed methane (CBM) with 280 million cubic feet a day of natural gas production from coals. Ember Resource is based in Calgary, Alberta.


DEAL STATS #
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 (2009) 1 of 1
Size (of disclosed) 1 of 1