Cygnet Energy to acquire Kiwetinohk Energy for $1bn.

Cygnet Energy, a private exploration and production company, agreed to acquire Kiwetinohk Energy, an oil & natural gas company, for $1bn. "We are pleased to announce this transaction and present this offer to KEC's shareholders. We have long respected KEC's high-quality portfolio and strong operating performance, and believe that the combination of our businesses is a positive step for both parties. Upon completion of the Acquisition, Cygnet will have a larger, more resilient platform with extensive inventory that is expected to drive our growth in the years ahead," David Maddison, Cygnet President & CEO.