2009-08-11-2008-04-01-2008-04-01

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
227MM
Description

Bought co., gaining 2,200 BOE/d.

TriStar Oil & Gas Ltd., Calgary, (Toronto: TOG) has acquired Bulldog Resources Inc., Calgary, (Toronto: BD) for approximately C$226.5 million in stock. TriStar issued 0.59 share per Bulldog share for a total of 16.8 million shares. The Bulldog assets are focused in TriStar's core area of southeastern Saskatchewan and are comprised of more than 2,200 barrels of oil equivalent per day of light oil (85% operated). More than 75% of Bulldog production originates from the Fertile pool in which Bulldog held a 50% working interest. TriStar now owns 100% interest in the pool following a previously closed acquisition of 50% held by Arista Energy Ltd. In addition, TriStar gains an additional 10 net sections of Bakken acreage with 40 net identified Bakken drilling locations. Bulldog's remaining assets are in southeastern Saskatchewan including interests at Arcola, Browning, Crystal Hill, Handsworth and Stoughton. Tristone Capital Inc. was advisor to Bulldog.