One-Page Deal Sheet
Tamarack to Acquire Crestwynd Exploration in $184.7MM Cash/Stock Deal
Tamarack Valley Energy Ltd. Crestwynd Exploration
Announced Date
December 15,2021
Close Date
February 15,2022
Transaction Type
Corporate
Enterprise Value (EV)($MM)
185
Asset/Basin:
["Clearwater", "Western Canadian Sedimentary Basin"]
TargetZones:
["Clearwater"]
Net Acres
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Tamarack Valley Energy Ltd. has agreed to acquire Crestwynd Exploration Ltd. in a cash/stock deal worth $184.7 million.
The consideration consists of $92.6 million in cash and $92.1 million in stock (26,298,396 common shares of Tamarack at a deemed price of $3.50 per Tamarack Share).
Deal Details: Acreage: 99,360 net acres Drilling Locations: 206 gross (153.7 net) Production: 4,500 BOEPD (100% oil and NGLs) Pro Forma Assets: Pro forma the Acquisition, Tamarack will control 445 net sections of Clearwater land across the Nipisi, West Marten Hills and Southern Clearwater areas Pro…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Nov-06-2024 |
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Click here | Alberta | E&P |
| Aug-22-2022 |
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| Aug-01-2022 |
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| Jun-29-2022 |
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Click here | Alberta | E&P |
| Nov-29-2021 |
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Click here | Alberta | E&P |
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