Murphy Oil Acqures Beau Canada Exploration

On November 3, 2000, Murphy Acquisition Company Ltd., a wholly-owned subsidiary of Murphy Oil Corporation (Murphy), successfully completed its offer to acquire all the issued and outstanding common shares of Beau Canada Exploration Ltd. (Beau Canada). Pursuant to the offer, dated October 12, 2000, Murphy paid $2.15 for each common share of Beau Canada for an aggregate consideration of approximately $200 million. RBC Dominion Securities Inc. in Canada was engaged in Canada by Murphy as the Dealer Manager for the offer.

Acting for Murphy Acquisition Co. Ltd. was Burnet, Duckworth & Palmer’s Grant Zawalsky, John Brussa, Alan Pettie, Stephen Chetner and Jeff Oke. Representing Beau Canada Ltd. was Don Boykiw of Bennett Jones LLP.