Sonde Resources Corp has sold 26,240 gross undeveloped acres (24,383 net acres) in its Kaybob Duvernay play in Alberta for aggregate proceeds of C$75 million (US$75.29 million). Sonde continues to own approximately 39,000 net undeveloped acres in Duvernay and Montney oil plays, in the Ante Creek and Bezanson area. Continue reading on the deal valuation here..
Thursday, February 9, 2012
Cutpick Energy Inc, a private Calgary-based corporation, has engaged FirstEnergy Capital Corp to evaluate a range of strategic alternatives, including possible liquidity events, aimed at enhancing shareholder value. Continue reading here..
Quantum Energy Partners, a leading private equity firm, has announced the formation of Renaissance Offshore by a $300 million equity commitment. Renaissance will primarily engage in acquiring and redeveloping legacy oil producing properties in the shallow water Gulf of Mexico. Continue reading here..
Derrick recorded nearly $14 billion worth Canadian packages put for sale by Connacher Oil & Gas, ConocoPhillips, Talisman, Birchcliff Energy, EnCana and Cenovus Energy. The $14 billion includes only the large packages estimated at greater than $1 billion. For more visit us: