• Dec. 5, 2016, 8:58 AM
    • TransGlobe Energy (NASDAQ:TGA) agrees to acquire Cardium light oil and Mannville liquid-rich gas assets in the Harmattan area of Alberta from Bellatrix Exploration (NYSE:BXE) for C$80M.
    • TGA says the deals offers meaningful re-entry into Canada with concentrated, high working interest assets in proven, low risk development light oil and liquid-rich gas play types.
    • BXE says the sale of non-core assets will further simplify its asset portfolio and should allow it to reduce outstanding bank debt to ~$30M at Dec. 31.
    Dec. 5, 2016, 8:58 AM | 52 Comments
  • Oct. 15, 2013, 3:56 PM
    • Bellatrix Exploration (BXE -4.1%) enters into a $240M joint venture partnership with TCA Energy to drill and develop lands in the Ferrier Cardium area of Alberta; TCA will contribute 50% towards the capital program for the drilling of an expected 63 gross wells, and in exchange will receive 35% of BXE's working interest.
    • BXE also agrees to acquire Canadian-based oil and gas explorer Angle Energy (ANGZF.PK) in a deal valued at ~$576M.
    • BXE plans to issue ~21.8M common shares on a bought deal basis at $8 each for total gross proceeds of ~$175M.
    • BXE shares halted.
    Oct. 15, 2013, 3:56 PM