Add-on Acquisition • Oil/Gas Exploration

Touchstone Acquires Primera Energy Resources

On December 1, 2012, Touchstone acquired oil/gas exploration company Primera Energy Resources for 13M USD

Acquisition Context
  • This is Touchstone’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Touchstone’s 3rd largest (disclosed) transaction.
  • This is Touchstone’s 1st transaction in Trinidad and Tobago.

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M&A Deal Summary

Date December 1, 2012
Target Primera Energy Resources
Sector Oil/Gas Exploration
Buyer(s) Touchstone
Deal Type Add-on Acquisition
Deal Value 13M USD

Target Company

Primera Energy Resources

Trinidad and Tobago
Primera Energy Resources Ltd. is a provider of oil/gas exploration services in Trinidad & Tobago.
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Buyer Overview 1

Buyer

Touchstone

Calgary, Alberta, Canada

Category Company
Founded 2012
Sector Oil/Gas Exploration
Employees92
Revenue 58M USD (2024)
DESCRIPTION

Touchstone is an oil and gas exploration, development, and production company with operations in Trinidad and Tobago, and Western Canada. Touchstone was founded in 2012 and is based in Calgary, Alberta.


Deal Context for Buyer #
Overall 1 of 3
Sector: Oil/Gas Exploration 1 of 3
Type: Add-on Acquisition 1 of 2
Country: Trinidad and Tobago 1 of 2
Year: 2012 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-07 Petrobank Energy Resources

Calgary, Alberta, Canada

Petrobank Energy Resources Ltd. is an oil/gas exploration company. Petrobank targets on developing a solid production platform from the Bakken light oil play in the southeast Saskatchewan and exploiting a large undeveloped land base through the application of new technology to a large oil and gas resource oppurtunity.

Buy $52M