M&A Deal Summary

Meta Petroleum Acquires Talisman - CPE-6 Block

On December 21, 2015, Meta Petroleum acquired oil/gas exploration company Talisman - CPE-6 Block from Talisman Oil & Gas

Acquisition Highlights
  • This is Meta Petroleum’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Meta Petroleum’s 1st transaction in Colombia.

M&A Deal Summary
Date 2015-12-21
Target Talisman - CPE-6 Block
Sector Oil/Gas Exploration
Buyer(s) Meta Petroleum
Sellers(s) Talisman Oil & Gas
Deal Type Divestiture

Target

Talisman - CPE-6 Block

Colombia
The CPE-6 Block is located in the highly prolific southern Llanos Basin of Colombia. The Contract covers an area of approximately 240,000 hectares and lies along the regional heavy oil trend approximately 70 kilometres southwest of the Company's operated Rubiales and Quifa SW heavy oil fields. CPE-6 Block was estimated to contain 38 MMbbl of 2P reserves as evaluated by an independent third party evaluator.

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Buyer(S) 1

Buyer

Meta Petroleum

Bogota, Colombia
Category Company
Founded 2002
Sector Oil/Gas Exploration
DESCRIPTION

Meta Petroleum Corp. engages in the oil and gas exploration and production services. It produces oil from Rubiales, Piriri, and Quifa oil fields in the Llanos Basin.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Colombia) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

Talisman Oil & Gas

Bogota, Colombia
Category Company
Founded 2001
Sector Oil/Gas Exploration
DESCRIPTION

Talisman (Colombia) Oil & Gas Ltd. engages in exploration and production of oil and gas. Company operates an active exploration program in the hydrocarbon basins of the Llanos and Putumayo heavy oil regions.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Colombia) 1 of 1
Year (2015) 1 of 1
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