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One-Page Deal Sheet

Tourmaline Acquires Mapan Energy; Cardium, Viking Assets

Tourmaline Oil Corp. Mapan Energy Ltd
AnnouncedJun 29, 2015
TypeCorporate
LocationCardium Shale,Viking Play
Announced Date
June 29,2015
Close Date
August 14,2015
Transaction Type
Corporate
Enterprise Value (EV)($MM)
106




Snapshot
Asset/Basin:
{"Deep Basin"}
TargetZones:
{Cardium,Viking}
Net Acres
Location
Region
Canada

Country
Canada

Play


Production
Production


Calculated Metrics( EV/Category)
$/ Flowing

$/ Acre

Transaction Details:  Subscribe to see

Closing Announcement - August 14, 2015

Tourmaline Oil Corp. and Mapan Energy Ltd. have jointly announced the completion of Tourmaline's previously announced acquisition of all of the outstanding Mapan common shares pursuant to an arrangement under the Business Corporations Act (Alberta).

Under the Arrangement, which was approved by Mapan shareholders by a vote of greater than 99.9% of the votes cast at the meeting, Mapan shareholders received 0.0379 of a Tourmaline common share for each Mapan common share resulting in the issue of approximately 2.7 million Tourmaline common shares. It is…



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Price History



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