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One-Page Deal Sheet

DNO International Proposes Acquisition of Calvalley Petroleum

Dno International Asa Calvalley Petroleum Inc.
AnnouncedJul 5, 2012
TypeCorporate
Announced Date
July 05,2012
Close Date
July 05,2012
Transaction Type
Corporate
Enterprise Value (EV)($MM)
215




Snapshot
Asset/Basin:
{"Sayun-Masila Basin"}
Location
Region
Canada

Country
Canada


Transaction Details:  Subscribe to see

DNO International ASA ("DNO International"), the Norwegian oil and gas company, announced today that it intends to make an all-cash offer, through an acquisition entity, to acquire Calgary-based Calvalley Petroleum Inc. ("Calvalley") (TSX: CVI.A) at a price of CAD 2.30 per Class A common share (the "Shares").
DNO International's offer represents a premium of approximately 60 percent to the CAD 1.43 closing price of Calvalley Shares on the Toronto Stock Exchange (the "TSX") on 4 July 2012 and approximately 55 percent to the volume weighted average trading price of Calvalley's Shares on the TSX…

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