2009-08-11-2007-10-01-2007-10-01

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description

Merger, active in Prophet River, Bougie Trutch and Trutch East gas-development projects in the Foothills region of Western Canadian Sedimentary Basin in northeastern BC. Proved 3.2 Bcf (2.23 billion net) and 18,500 barrels (15,900 barrels net).

Vancouver-based Bighorn Petroleum Ltd. (Toronto Venture: BHP), Flying A Petroleum Ltd. (Toronto Venture: FAB), Tenaka Drilling Consortium Ltd. and Wyn Developments Inc. (Toronto Venure: WL; OTCBB: WYDPF) plan to merge into one company called Canada Gas Corp. Canada Gas will pay one share per 1.563 Bighorn share representing a 22% interest in Canada Gas; one share per 1.9387 Flying A shares (39%); one share per one Tenaka share (4%); and one share per 2.3294 Wyn shares (34%). The companies are currently active in the Prophet River, Bougie Trutch and Trutch East gas-development projects in the Foothills region of the Western Canadian Sedimentary Basin in northeastern British Columbia. Proved reserves total approximately 3.2 billion cubic feet (2.23 billion net) and 18,500 barrels (15,900 barrels net). Wyn Developments president and chief executive says, "The numerous prospective development locations across these lands offer an attractive natural gas-weighted growth model for investors moving forward."