Add-on Acquisition • Oil/Gas Exploration

Stranded Oil Resources Acquires Naval Petroleum Reserve Number 3

On January 30, 2015, Stranded Oil Resources acquired oil/gas exploration company Naval Petroleum Reserve Number 3 for 45M USD

Acquisition Context
  • This is Stranded Oil Resources’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Stranded Oil Resources’ largest (disclosed) transaction.
  • This is Stranded Oil Resources’ 1st transaction in the United States.
  • This is Stranded Oil Resources’ 1st transaction in Wyoming.

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M&A Deal Summary

Date January 30, 2015
Target Naval Petroleum Reserve Number 3
Sector Oil/Gas Exploration
Buyer(s) Stranded Oil Resources
Deal Type Add-on Acquisition
Deal Value 45M USD

Target Company

Naval Petroleum Reserve Number 3

Casper, Wyoming, United States
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Buyer Overview 1

Buyer

Stranded Oil Resources

New York, New York, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Stranded Oil Resources Corp. is an operator in exploration and production, focused on enhanced oil recovery.


Deal Context for Buyer #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Add-on Acquisition 1 of 1
State: Wyoming 1 of 1
Country: United States 1 of 1
Year: 2015 1 of 1
Size (of disclosed) 1 of 1