M&A Deal Summary

Frontera Energy Acquires PetroMagdalena Energy

On July 27, 2012, Frontera Energy acquired oil/gas exploration company PetroMagdalena Energy

Acquisition Highlights
  • This is Frontera Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Frontera Energy’s 1st transaction in Canada.
  • This is Frontera Energy’s 1st transaction in Ontario.

M&A Deal Summary
Date 2012-07-27
Target PetroMagdalena Energy
Sector Oil/Gas Exploration
Buyer(s) Frontera Energy
Deal Type Add-on Acquisition

Target

PetroMagdalena Energy

Toronto, Ontario, Canada
PetroMagdalena has working interests in 19 properties in five onshore basins in Colombia producing approximately 3.6 Mboe/d (approximately 95% light/medium crude oil and natural gas liquids) net after royalty in the first quarter of 2012 and with 2011 year-end net proved plus probable reserves of 22.9 MMboe (64% light/medium crude oil and natural gas liquids).

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Buyer(S) 1

Buyer

Frontera Energy

Calgary, Alberta, Canada
Category Company
Founded 1985
Sector Oil/Gas Exploration
Employees1,107
Revenue 1.2B USD (2023)
DESCRIPTION

Frontera Energy is a explorer and producer of crude oil and natural gas, with operations focused in Latin America. The Company has a diversified portfolio of assets with interests in more than 25 exploration and production blocks in Colombia and Peru. Frontera Energy was founded in 1985 and is based in Calgary, Alberta.

DEAL STATS #
Overall 2 of 5
Sector (Oil/Gas Exploration) 2 of 5
Type (Add-on Acquisition) 1 of 4
State (Ontario) 1 of 1
Country (Canada) 1 of 2
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-31 Etablissements Maurel & Prom

Paris, France

Etablissements Maurel & Prom is an independent oil company, operating exploration and production assets. Etablissements Maurel & Prom was founded in 1831 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-20 C&C Energia

Bogotá, Colombia

C&C Energia is an oil and gas exploration and production company focused on Colombia. The company’s strategy is to develop producing oil and gas assets by exploring low to moderate risk areas.

Buy $500M
Mergr

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