One-Page Deal Sheet
Imperial Oil Adds to Assets with Celtic Exploration Acquisition
Imperial Oil Limited Celtic Exploration Ltd.
Announced Date
February 27,2013
Close Date
February 26,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
1600
Asset/Basin:
{Montney,Duvernay}
TargetZones:
{"Montney Shale","Du
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Imperial Oil has acquired a 50-percent participating interest in Celtic Exploration Ltd. (“Celtic”) following the close of its acquisition by ExxonMobil Canada today. This occurred by means of a sale of a 50-percent interest in Celtic’s assets and liabilities from ExxonMobil Canada to Imperial Oil, which represents about a $1.6 billion investment by Imperial Oil.
ExxonMobil Canada acquired Celtic after receiving final approval from Canadian regulatory authorities last week. Celtic’s shareholders had previously approved the transaction in a meeting on December 14, 2012.
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