M&A Deal Summary

Storm Resources Acquires Yoho Resources - Nig Montney assets

On January 1, 2014, Storm Resources acquired oil/gas exploration company Yoho Resources - Nig Montney assets from Yoho Resources for 88M USD

Acquisition Highlights
  • This is Storm Resources’ 3rd transaction in the Oil/Gas Exploration sector.
  • This is Storm Resources’ 2nd largest (disclosed) transaction.
  • This is Storm Resources’ 3rd transaction in Canada.

M&A Deal Summary

Date 2014-01-01
Target Yoho Resources - Nig Montney assets
Sector Oil/Gas Exploration
Buyer(s) Storm Resources
Sellers(s) Yoho Resources
Deal Type Divestiture
Deal Value 88M USD

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Buyer(S) 1

Buyer

Storm Resources

Calgary, Alberta, Canada

Category Company
Founded 2010
Sector Oil/Gas Exploration
DESCRIPTION

Storm Resources Ltd. is a acquirer, explorer for, develops, and produces oil, natural gas, and natural gas liquids in the provinces of Alberta and British Columbia, Canada.


DEAL STATS #
Overall 3 of 3
Sector: Oil/Gas Exploration M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
Country: Canada M&A 3 of 3
Year: 2014 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-23 Bellamont Exploration

Calgary, Alberta, Canada

Bellamont Exploration Ltd. is a oil/gas exploration provider in canada.

Buy $122M

Seller(S) 1

SELLER

Yoho Resources

Calgary, Alberta, Canada

Category Company
Founded 1992
Sector Oil/Gas Exploration
DESCRIPTION

Yoho Resources is an oil and gas exploration company operating within the Western Canadian Sedimentary Basin focusing exploration activity in two areas: West-central Alberta and northeastern British Columbia. Yoho Resources was founded in 1992 and is based in Calgary, Alberta.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Canada M&A 1 of 1
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 1