M&A Deal Summary

Oracle Energy Acquires Methanogenesis

On May 13, 2020, Oracle Energy acquired life science company Methanogenesis

Acquisition Highlights
  • This is Oracle Energy’s 1st transaction in the Life Science sector.
  • This is Oracle Energy’s 1st transaction in Canada.
  • This is Oracle Energy’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2020-05-13
Target Methanogenesis
Sector Life Science
Buyer(s) Oracle Energy
Deal Type Add-on Acquisition

Target

Methanogenesis

Vancouver, British Columbia, Canada
Methanogenesis Corp. is an early-stage Canadian corporation organized to combine microbiological approaches with genetics and metabolic engineering to produce genetically modified microbes "GMO's" for the efficient and cost-effective conversion of methane CH4 to methanol CH3OH. Methano will be providing funding to a major university in California (the "University") for research and development of the conversion process.

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Buyer(S) 1

Buyer

Oracle Energy

Vancouver, British Columbia, Canada
Category Company
Founded 1985
Sector Oil/Gas Exploration
DESCRIPTION

Oracle Energy is an independent oil and gas company focused on domestic, oil rich unconventional resource plays, located in the oil window in South Texas. Oracle's business objective is delivering long term sustainable shareholder value through the acquisition, development and exploitation of oil and gas production and reserves. Oracle is acquiring acreage in the Eagle Ford oil window in Texas which is one of the most significant oil-rich resource plays in the continental U.S. Oracle Energy was founded in 1985 and is based in Vancouver, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Mergr

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