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Circumpacific Energy completes C$10 million sale to Western Petroleum Commodities

Date Closed

November 25, 2010

Lead Office

Vancouver

Value

10.00 Million CAD

On November 25, 2010, Western Petroleum Commodities Inc. acquired all of the outstanding shares of Circumpacific Energy Corporation, a TSX Venture Exchange listed company, for aggregate consideration of C$9.6 million.   Concurrently, Circumpacific Energy Corporation completed the sale of its interests in certain Australian exploration rights to Drillsearch Energy. 

Western Petroleum Commodities, Inc. operates as an oil and gas company in Calgary, Alberta.

Circumpacific Energy Corporation was a junior exploration and production company with operations in Australia and Alberta.

McCarthy Tétrault LLP represented Circumpacific Energy, as target, with a team led by Tim McCafferty.

 

 

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