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.