M&A Deal Summary

PetroFrontier Acquires Texalta Petroleum

On May 31, 2011, PetroFrontier acquired oil/gas exploration company Texalta Petroleum for 62M USD

Acquisition Highlights
  • This is PetroFrontier’s 1st transaction in the Oil/Gas Exploration sector.
  • This is PetroFrontier’s largest (disclosed) transaction.
  • This is PetroFrontier’s 1st transaction in Canada.
  • This is PetroFrontier’s 1st transaction in Alberta.

M&A Deal Summary
Date 2011-05-31
Target Texalta Petroleum
Sector Oil/Gas Exploration
Buyer(s) PetroFrontier
Deal Type Add-on Acquisition
Deal Value 62M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Texalta Petroleum

Calgary, Alberta, Canada
Texalta is a provider of exploration, acquisition and development of prospective oil & gas properties in Saskatchewan and Alberta, Canada. Texalta's wholly owned subsidiary, Texalta Australia Pty. Ltd. holds a 50 percent working interest in EP 103 and EP 104, covering 5.7 million gross acres of prospective land in the Southern Georgina Basin, Northern Territory, Australia.

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Buyer(S) 1

Buyer

PetroFrontier

Calgary, Alberta, Canada
Category Company
Founded 2009
Sector Oil/Gas Exploration
Revenue 4M CAD (2023)
DESCRIPTION

PetroFrontier is an international oil and gas company engaged in the exploration, acquisition and development of both conventional and unconventional onshore petroleum assets in Australia's Southern Georgina Basin. PetroFrontier was founded in 2009 and is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
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