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Craft Oil

Company Summary

Description

Craft is a private oil and gas exploration and development corporation with operations in Alberta, Canada and is a 70% owned subsidiary of Chinook Energy Inc. Craft was formed as part of a transaction between Chinook Energy and Tournament Exploration whereby Alberta assets of Chinook were placed into Tournament and a new team led by Trevor Spagrud was hired to develop and execute a go forward plan.

Website

http://www.marketwired.com/press-release/craft-oil...

Operational Regions

  • Western Canadian Sedimentary Basin

Competitors

Recent news

  • 5/1/2017 - Manitok Energy Announces... (subscriber access)
  • 3/2/2017 - Craft Oil Completes Sale... (subscriber access)
  • 3/1/2017 - Point Loma Resource... (subscriber access)
  • 1/24/2017 - Craft Oil Announces $41... (subscriber access)
  • 10/17/2016 - Chinook Energy Announces... (subscriber access)

Company Transactions

Date: 6/5/2017
Type: Acquisition

BUYERS:
  • Manitok Energy Inc
    • SELLERS:
  • Craft Oil
    • DETAILS:

    COST: 6.6 $MM

    VOLUMES: 430 BOE/d

    ACRES: 48000 Acres

    NOTES:
    Manitok Energy has announced an agreement to acquire Craft Oil's issued and outstanding common shares.
    REGIONS:
  • Peace River

    • Date: 3/15/2017
    Type: Acquisition

    BUYERS:
  • Cardinal Energy Ltd
    • SELLERS:
  • Craft Oil
    • DETAILS:

    COST: 41 $MM

    VOLUMES: 1.625 MBOE/d

    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 3/1/2017
    Type: Acquisition

    BUYERS:
  • Point Loma Resources
    • SELLERS:
  • Craft Oil
    • DETAILS:

    VOLUMES: 410 BOE/d

    ACRES: 105000 Acres

    NOTES:
    Point Loma Resources has closed on the acquisition of 105,000 net acres of oil & gas assets in the Paddle River and Thornbury areas of NE Alberta from Craft Oil. The acquisition adds 410 boe/d in production (95% gas), boosting Point Loma's total production to 900 boe/d (70% gas). The Company funded the deal through the issuance of 3.35 million common shares to the seller.
    REGIONS:
  • West Central Alberta Deep Basin

    • Date: 10/27/2016
    Type: Acquisition

    BUYERS:
  • Craft Oil
    • DETAILS:

    COST: 13.5 $MM

    VOLUMES: 1.934 MBOE/d

    REGIONS:
  • Western Canadian Sedimentary Basin