M&A Deal Summary

Toscana Energy Income Acquires Carmangay Barons Oil Pool

On July 23, 2018, Toscana Energy Income acquired oil/gas exploration company Carmangay Barons Oil Pool for 12M USD

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

M&A Deal Summary

Date 2018-07-23
Target Carmangay Barons Oil Pool
Sector Oil/Gas Exploration
Buyer(s) Toscana Energy Income
Deal Type Add-on Acquisition
Deal Value 12M USD

Target

Carmangay Barons Oil Pool

Calgary, Alberta, Canada
Cortona Energy Ltd. is an oil and gas producer. Cortona Energy was founded in 2016 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Toscana Energy Income

Calgary, Alberta, Canada

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Toscana Energy Income Corp. is a conventional oil and gas producer with the mandate to acquire high quality, long life oil and gas assets including royalties, non-operated working interests and unitized production for yield and capital appreciation. Toscana Energy Income 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 (2018) 1 of 1
Size (of disclosed) 1 of 1