M&A Deal Summary

Iteration Energy Acquires Cyries Energy

On March 7, 2008, Iteration Energy acquired oil/gas exploration company Cyries Energy for 584M USD

Acquisition Highlights
  • This is Iteration Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Iteration Energy’s largest (disclosed) transaction.
  • This is Iteration Energy’s 2nd transaction in Canada.
  • This is Iteration Energy’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2008-03-07
Target Cyries Energy
Sector Oil/Gas Exploration
Buyer(s) Iteration Energy
Deal Type Add-on Acquisition
Deal Value 584M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Cyries Energy

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

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Buyer(S) 1

Buyer

Iteration Energy

Calgary, Alberta, Canada
Category Company
Founded 1994
Sector Oil/Gas Exploration
Employees71
DESCRIPTION

Iteration Energy Ltd. is a provider of oil/gas exploration services.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-01 Pointwest Energy

Calgary, Alberta, Canada

Pointwest Energy, Inc. was an acquisition, exploration and development company primarily focused on growing its reserve base in Northeastern British Columbia.

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