Legacy Oil + Gas Inc. acquired Corinthian Exploration Corp for approximately $225 million, by way of a three-cornered amalgamation. Through the acquisition, Legacy acquired high netback, light oil assets focused in its North Dakota Spearfish core area for total consideration of approximately 20.1 million Legacy common shares and assumed net debt of approximately $34 million. This corporate acquisition marks Legacy's third in 14 months.
The acquisition also includes a position in the Dunvegan light oil play in the Elmworth area of northwest Alberta, with production, undeveloped land and drilling upside and owned and operated key facilities and infrastructure.
Legacy Oil + Gas, headquartered in Calgary, is an intermediate oil and natural gas company.
McCarthy Tétrault LLP represented Legacy with a team including Jim Pasieka, Mark Franko, Ron Mar, Jeremy Ho and Matthew Harris.
Burstall Winger Zammit LLP represented Corinthian with a deal consisting of Keith Templeton, Sabina Shah and Jacqueline Chow.
The acquisition also includes a position in the Dunvegan light oil play in the Elmworth area of northwest Alberta, with production, undeveloped land and drilling upside and owned and operated key facilities and infrastructure.
Legacy Oil + Gas, headquartered in Calgary, is an intermediate oil and natural gas company.
McCarthy Tétrault LLP represented Legacy with a team including Jim Pasieka, Mark Franko, Ron Mar, Jeremy Ho and Matthew Harris.
Burstall Winger Zammit LLP represented Corinthian with a deal consisting of Keith Templeton, Sabina Shah and Jacqueline Chow.
Lawyer(s)
Sabina Shah
Ron Mar
Keith W. Templeton
Firm(s)
McCarthy Tétrault LLP
DS Lawyers LLP