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Venturion Oil Limited

Company Summary

Description

Acquired by Cardinal Energy in 2021

Website

http://www.venoil.ca/

Competitors

Recent news

  • 7/16/2021 - Cardinal Energy Closes... (subscriber access)
  • 6/2/2021 - Cardinal Energy... (subscriber access)
  • 6/2/2021 - Cardinal Energy... (subscriber access)

Company Transactions

Date: 7/15/2021
Type: Acquisition

DETAILS:

COST: 47.5 $MM

VOLUMES: 2.4 MBOE/d

NOTES:
Cardinal Energy has entered into a deal to acquire Venturion Oil for $47.5 million, including $27.9 million in cash and 6.3 million Cardinal common shares. The cash will first be used to pay down Ventiruion's net debt at closing, which totals $10.9 million.
REGIONS:
  • Western Canadian Sedimentary Basin