Investment Summary

Gran Tierra Energy Invests In Golden Oil El Vinalar Oil Property

On June 21, 2006, Gran Tierra Energy invested in oil/gas exploration company Golden Oil El Vinalar Oil Property from Golden Oil for 3M USD

Investment Highlights
  • This is Gran Tierra Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Gran Tierra Energy’s 5th largest (disclosed) transaction.
  • This is Gran Tierra Energy’s 1st transaction in Argentina.

Investment Summary

Date 2006-06-21
Target Golden Oil El Vinalar Oil Property
Sector Oil/Gas Exploration
Investor(s) Gran Tierra Energy
Sellers(s) Golden Oil
Deal Type Stake Purchase
Deal Value 3M USD

Target

Golden Oil El Vinalar Oil Property

Argentina
Golden Oil Corporation, El Vinalar Oil Property is engaged in oil and natural gas production activities. The property encompasses 1005 square kilometers.

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Investor(S) 1

Investor

Gran Tierra Energy

Calgary, Alberta, Canada

Category Company
Founded 2003
Sector Oil/Gas Exploration
Employees431
Revenue 622M USD (2024)
DESCRIPTION

Gran Tierra Energy is an international oil and gas exploration and production company headquartered in Calgary, Canada, incorporated and traded in the United States and operating in South America. The Company currently holds interests in producing and prospective properties in Colombia, Peru and Brazil. Gran Tierra Energy was incorporated in 2003 and is based in Calgary, Canada.


DEAL STATS #
Overall 2 of 6
Sector: Oil/Gas Exploration M&A 2 of 5
Type: Stake Purchase M&A Deals 1 of 1
Country: Argentina M&A 1 of 2
Year: 2006 M&A 2 of 3
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 Argosy Energy International

Colombia

Argosy holds a diverse portfolio of producing properties, drill-ready prospects and exploration acreage in Colombia. Argosy's oil production in 2005 averaged 1,070 barrels per day (net before royalty); remaining proven reserves at December 31 2005 are estimated at 2.80 million barrels with probable reserves of 1.63 million barrels (net before royalty, according to independent estimates). Argosy's net land position is approximately 153,000 acres.

Buy $41M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-06 Compania General de Combustibles

Argentina

Compania General de Combustibles(Noroeste Basin) includes,Valle Morado Block,Santa Victoria Block,Nacatimbay and Ipaguazu Blocks.

Buy $3M

Seller(S) 1

SELLER

Golden Oil

Seoul,, South Korea

Category Company
Founded 2004
Sector Oil/Gas Exploration
DESCRIPTION

Golden Oil Corporation engages in oil and mineral resources business in South and North America.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Argentina M&A 1 of 1
Year: 2006 M&A 1 of 1
Size (of disclosed) 1 of 1