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  6. Longshore Resources Acquires Rifle Shot Oil

M&A Deal Summary

Longshore Resources Acquires Rifle Shot Oil

On June 9, 2020, Longshore Resources acquired oil/gas exploration company Rifle Shot Oil

Acquisition Highlights
  • This is Longshore Resources’ 3rd transaction in the Oil/Gas Exploration sector.
  • This is Longshore Resources’ 3rd transaction in Canada.
  • This is Longshore Resources’ 3rd transaction in Alberta.

M&A Deal Summary
Date 2020-06-09
Target Rifle Shot Oil
Sector Oil/Gas Exploration
Buyer(s) Longshore Resources
Deal Type Add-on Acquisition

Target

Rifle Shot Oil

Calgary, Alberta, Canada
Rifle Shot Oil Corp. is a Calgary based private company focused on acquiring conventional oil reserves and applying the latest development technologies to increase production and oil recovery. The Rifle Shot team is a highly technical group of professionals with proven track records of sound business management and innovation in the development of oil reservoirs.

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Buyer(S) 1

Buyer

Longshore Resources

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

Longshore Resources is a privately held exploration and production company and focused on capturing high quality, oil-weighted resource opportunities in the Peace River Arch and South Central areas of Alberta. Longshore Resources is based in Calgary, Alberta.

DEAL STATS #
Overall 3 of 3
Sector: Oil/Gas Exploration M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Alberta M&A 3 of 3
Country: Canada M&A 3 of 3
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-09 Steelhead Petroleum

Calgary, Alberta, Canada

Steelhead Petroleum Ltd. is a private oil and gas exploration and production company looking to acquire an established conventional oil platform. Through implementing best-in-class operating practices, Steelhead will achieve excellent financial results and environmental leadership. Steelhead Petroleum was formed in 2015 and is based in Calgary, Alberta.

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