2010-03-11-2010-02-08

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Estimated Price
38MM
Description

To acquire company with WI in Trinidad's 2AB Block.

Niko Resources Ltd., Calgary, (Toronto: NKO) plans to acquire privately held, Calgary-based Voyager Energy Ltd. in a stock deal valued at approximately $37.8 million.

Niko will issue 397,379 shares in exchange for Voyager's 19.5 million shares outstanding. Niko's closing price was $95 on Feb. 5, 2010, the last trading day before it executed the agreement with Voyager.

Voyager is Niko's joint venture partner in Trinidad's 2AB Block. Pro forma the acquisition, Niko will have a 32.5% and 40% interest in the shallow and deep horizon Central Range production sharing contracts, respectively; a 65% and 80% interest in the shallow and deep horizon Guayaguayare PSCs, respectively; and a 35.75% interest in the 2AB PSC.

Voyager's board has unanimously approved the transaction. Closing is expected to occur shortly after a shareholder meeting in March.

FirstEnergy Capital Corp. is financial advisor to Voyager.