One-Page Deal Sheet
Crew Energy Acquires Cardium Focused Caltex Oil & Gas
Crew Energy Inc. Caltex Energy Inc
Announced Date
May 03,2011
Effective Date
January 01,2011
Close Date
July 01,2011
Transaction Type
Corporate
Enterprise Value (EV)($MM)
622
Asset/Basin:
{"Lloydminster heavy oil","Greater Wapiti/Deep Basin (liquids-rich gas)"}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Crew Energy Inc. is pleased to announce that it has entered into an arrangement agreement whereby, subject to certain conditions, Crew will acquire all of the issued and outstanding shares of Caltex Energy Inc., a private oil and gas company.
The deemed purchase price is approximately $622 million in value, comprised of the issuance of approximately 33.24 million common shares of Crew (“Crew Shares”) (at a deemed price equal to $16.30 per Crew Share) and the assumption of approximately $80 million in net debt estimated at closing.
The Transaction is expected to be completed by way of Plan of…
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