M&A Deal Summary

TriOil Resources Acquires Birchill Exploration

On June 6, 2014, TriOil Resources acquired oil/gas exploration company Birchill Exploration for 256M USD

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

M&A Deal Summary
Date 2014-06-06
Target Birchill Exploration
Sector Oil/Gas Exploration
Buyer(s) TriOil Resources
Deal Type Add-on Acquisition
Deal Value 256M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Birchill Exploration

Calgary, Alberta, Canada
Birchill Exploration LP is a provider of oil/gas exploration services.

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Buyer(S) 1

Buyer

TriOil Resources

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

TriOil Resources Ltd. is a junior oil and natural gas Company in Western Canada with a highly motivated, proven management team. TriOil has built significant land positions on a portfolio of emerging light oil resource plays, specifically targeting the Cardium and Dunvegan oil trends at Lochend, Alberta. We are at the early stage of development drilling on both projects and intend to capitalize on improvements in horizontal drilling and multi-stage fracture stimulation technologies to effectively exploit our multi-year drilling inventory.

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 (2014) 1 of 1
Size (of disclosed) 1 of 1
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