Announced
Financials
Tags
oil and gas exploration
Friendly
Majority
Single Bidder
Domestic
Pending
Private
Canada
Integrated Oil and Gas
Acquisition
Synopsis
Spartan Delta, an oil and gas exploration and production company, agreed to acquire Inception Exploration, oil and gas exploration company, Simonette Assets and Willesden Green Assets for $148m. "The Acquisitions add a new core area in the Alberta Montney and complement Spartan's existing core area in the Cardium and Spirit River in west-central Alberta. The Financings further bolster Spartan's strong balance sheet and enable further pursuit of our consolidation strategy," Fotis Kalantzis, Spartan President and Chief Executive Officer.
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