Connacher Oil and Gas to form Joint Venture for Oil Sands
Assets - A Step to Ensure the Implementation of its
Expansion Plans - Deal Analysis From GlobalData
Reference Code: GDGE0320M&A Publication Date: August 2011
1 Table of Contents
1 Table of Contents.................................................................1
1.1 List of Tables .................................................................1
1.2 List of Figures ................................................................1
2 Connacher Oil and Gas To Form Joint Venture For Oil
Sands Assets .......................................................................2
2.1 Deal Overview ...............................................................2
2.2 Deal in Brief ...................................................................2
2.3 Connacher Forms Joint Venture to Develop its Great
Divide Oil Sands Assets ................................................2
2.4 The Current Partnernship will Enable Implementation of
the Expansion Plans of Connacher by Making Available
the Required Funding ....................................................3
2.5 Deal Financials and Valuations .....................................4
2.5.1 Companies Involved .............................................4
2.5.2 Advisor Information ..............................................4
2.5.3 Detailed Partner Information ................................4
3 Appendix ..............................................................................4
3.1 Methodology ..................................................................4
3.1.1 Coverage..............................................................4
3.1.2 Secondary Research ............................................5
3.1.3 Primary Research ................................................5
3.1.4 Expert Panel Validation ........................................5
3.2 Contact Us.....................................................................5
3.3 Disclaimer......................................................................5
1.1 List of Tables
Table 1: Companies Involved ....................................................4
Table 2: Advisor Information ......................................................4
Table 3: Partner Information .....................................................4
1.2 List of Figures
Figure 1: Connacher, Operations Map, April 2011 ...................2
Figure 2: Great Divide Project, Location Map ...........................3
GDGE0320M&A / AUG 2011
Connacher Oil and Gas to form Joint Venture for Oil Sands Assets - A Page 1
Step to Ensure the Implementation of its Expansion Plans
© GlobalData. This report is a licensed product and is not to be photocopied
Figure below shows Connacher’s operation map.
2 Connacher Oil and Gas To Form Joint Figure 1: Connacher, Operations Map, April 2011
Venture For Oil Sands Assets
2.1 Deal Overview
Deal Type: Partnerships
Deal Sub Type: Joint Venture
Deal Status: Announced
Announced Date: August 2, 2011
2.2 Deal in Brief
Connacher Oil and Gas Limited (Connacher) agreed to form a
joint venture with a third party, to further develop its Great
Divide oil sands assets.
N M Rothschild & Sons Limited is acting as financial advisor to
Connacher with respect to the transaction.
2.3 Connacher Forms Joint Venture to
Develop its Great Divide Oil Sands Assets Source: GlobalData, Connacher
Connacher is engaged in developing and producing heavy
gravity crude oil reserve and resource deposits in Alberta’s oil
sands and light gravity crude oil reserve and resource deposits On August 2, 2011, Connacher agreed to form a joint venture
in central Alberta. The company uses horizontal drilling, Steam- with a third party, to further develop its Great Divide oil sands
Assisted Gravity Drainage (SAGD) in situ recovery techniques assets. The joint venture will initially focus on the development
and other modern technology in the oil sands, and horizontal of an additional 24,000 bbl/d of bitumen productive capacity at
‐
drilling and multi frac technology to searc h light gravity crude Connacher’s Algar SAGD project on the Great Divide oil sands
oil resource opportunities. Additionally, the company owns and acreage in northeastern Alberta. The joint venture will enable
operates 9,500 barrels per day (bbl/d) heavy oil refinery in immediate access to the long life production (over 25 years) of
Great Falls, Montana. the already identified and evaluated approximately 320 million
barrels (MMbbl) of probable bitumen reserves owned by