M&A Deal Summary

Storm Ventures International Acquires Iteration Energy

On June 29, 2010, Storm Ventures International acquired oil/gas exploration company Iteration Energy for 579M USD

Acquisition Highlights

This is Storm Ventures International’s 1st transaction in the Oil/Gas Exploration sector.
This is Storm Ventures International’s largest (disclosed) transaction.
This is Storm Ventures International’s 1st transaction in Canada.
This is Storm Ventures International’s 1st transaction in Alberta.

M&A Deal Summary
Date	2010-06-29
Target	Iteration Energy
Sector	Oil/Gas Exploration
Buyer(s)	Storm Ventures International
Deal Type	Add-on Acquisition
Deal Value	579M USD
Advisor(s)	FirstEnergy Capital Corp. (Financial)

Target

Iteration Energy

Calgary, Alberta, Canada

Iteration Energy Ltd. is a provider of oil/gas exploration services.

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Buyer(S) 1

Buyer

Storm Ventures International

Canada

Category	Company
Sector	Oil/Gas Exploration

DESCRIPTION

Storm Ventures International, Inc. is a provider of oil/gas exploration services.

DEAL STATS	#
Overall	1 of 1
Sector: Oil/Gas Exploration M&A	1 of 1
Type: Add-on Acquisition M&A Deals	1 of 1
State: Alberta M&A	1 of 1
Country: Canada M&A	1 of 1
Year: 2010 M&A	1 of 1
Size (of disclosed)	1 of 1