M&A Deal Summary

TORC Oil & Gas Acquires Vero Energy

On November 19, 2012, TORC Oil & Gas acquired oil/gas exploration company Vero Energy for 177M USD

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

M&A Deal Summary
Date 2012-11-19
Target Vero Energy
Sector Oil/Gas Exploration
Buyer(s) TORC Oil & Gas
Deal Type Add-on Acquisition
Deal Value 177M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Vero Energy

Calgary, Alberta, Canada
Vero Energy, Inc. provides oil/gas exploration services in Canada.

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Buyer(S) 1

Buyer

TORC Oil & Gas

Calgary, Alberta, Canada
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

TORC, based in Calgary, is a private junior oil and gas company focused on the exploration and development of high quality, long life, tight oil resource plays in the WCSB.

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 (2012) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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