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Altima completes acquisition of Assets in Alberta, Canada from Uriel Gas Holdings Corp.

PRIVATESep 25, 2024

Acquiring Company

Altima Resources Ltd

Acquired Company

Uriel Gas Holdings

VancouverCalgaryEnergyOil And GasEnergyOil And Gas

Description

Altima Resources Ltd. has successfully closed a Purchase and Sale Agreement with Uriel Gas Holdings Corp. to acquire substantial natural gas and oil assets in Alberta, Canada. This strategic acquisition solidifies Altima's expansion into the conventional light oil fairways within Alberta, enhancing the company's position as a key player in the energy sector. The acquisition includes extensive acreage, key infrastructure, proven reserves, and significant growth potential, providing Altima with the ability to streamline production and increase profitability in Alberta’s energy sector.

Quick answer

Altima Resources Ltd is acquiring Uriel Gas Holdings, announced September 25, 2024. Altima Resources Ltd is based in Vancouver, British Columbia, Canada.

How much did Altima Resources Ltd pay for Uriel Gas Holdings?
The deal value was not disclosed.
What does Altima Resources Ltd do?
Altima Resources Ltd. is a company focused on the acquisition, exploration, and development of conventional and unconventional petroleum and natural gas assets.
Where are Altima Resources Ltd and Uriel Gas Holdings based?
Altima Resources Ltd is based in Vancouver, British Columbia, Canada. Uriel Gas Holdings is based in Calgary, Alberta, Canada.

Source: Fundz verified event record.

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Company Information

Company

Altima Resources Ltd

Location

Vancouver, British Columbia, Canada

About

Altima Resources Ltd. is a company focused on the acquisition, exploration, and development of conventional and unconventional petroleum and natural gas assets. It aims to grow its asset base through acquisitions, and strategically position itself as a key player in the energy sector.

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Frequently asked

Who acquired Uriel Gas Holdings?

Uriel Gas Holdings was acquired by Altima Resources Ltd, based in Vancouver. The deal was reported on September 25, 2024. Altima Resources Ltd. is a company focused on the acquisition, exploration, and development of conventional and unconventional petroleum and natural gas assets. Altima Resources Ltd is privately held and operates in Energy.

When did Altima Resources Ltd acquire Uriel Gas Holdings?

Altima Resources Ltd's acquisition of Uriel Gas Holdings was reported on September 25, 2024. Altima Resources Ltd. has successfully closed a Purchase and Sale Agreement with Uriel Gas Holdings Corp. to acquire substantial natural gas and oil assets in Alberta, Canada. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Uriel Gas Holdings do?

Uriel Gas Holdings Corp. is a company involved in owning natural gas and oil assets. It previously held substantial control over the Assets in Alberta, Canada, which includes central Alberta light oil and northwest Alberta sweet natural gas. It is privately held, operating in Energy, and is based in Calgary.

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