M&A Deal Summary

Zargon Oil & Gas Acquires Masters Energy

On April 1, 2009, Zargon Oil & Gas acquired oil/gas exploration company Masters Energy for 41M USD

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

M&A Deal Summary
Date 2009-04-01
Target Masters Energy
Sector Oil/Gas Exploration
Buyer(s) Zargon Oil & Gas
Deal Type Add-on Acquisition
Deal Value 41M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Masters Energy

Calgary, Alberta, Canada
Masters Energy, Inc. is a provider of oil and gas exploration services.

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Buyer(S) 1

Buyer

Zargon Oil & Gas

Calgary, Alberta, Canada
Category Company
Founded 1987
Sector Oil/Gas Exploration
DESCRIPTION

Zargon Oil & Gas is an oil and natural gas company working in the Western Canadian and Williston sedimentary basins. Zargon's business is focused on oil exploitation projects that profitably increase oil production and recovery factors from existing oil reservoirs. Zargon Oil & Gas 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 (2009) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 Zargon Oil & Gas - Alberta Hamilton Lake Viking Assets

The Hamilton Lake property had been recently producing approximately 170 barrels of oil per day and 1.40 million cubic feet per day

Sell $23M
Mergr

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Company

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