BUYERS:

Tamarack Valley Energy Ltd.

SELLERS:

DeltaStream Energy Corporation

DETAILS:

COST: 1.425 $B

VOLUMES: 23 MBOE/d

NOTES:
Tamarack Valley Energy has closed on the purchase of DeltaStream Energy for $1.425 billion, which allows them to hold its position down as the largest producer in the Clearwater oil fairway. They pooled proceeds from 80 million common shares of Tamarack, $300 million of deferred acquisition payment notes and $825 million in cash to acquire the company.

REGIONS:

Western Canadian Sedimentary Basin