Greenfire Resources Announces Acquisition of Connacher Oil and Gas Limited for C$1.277 Billion in Cash Consideration
Greenfire Resources announced a definitive agreement to acquire Connacher Oil and Gas for C$1.277 billion in cash, significantly doubling its production profile to 34,000 Bbl/d and adding 850 MMBbl of 2P reserves. Financing for the acquisition includes a C$700 million draw on an upsized reserves-based loan and a C$575 million bridge facility to be repaid by a future rights offering backstopped by Waterous Energy Fund.
Key figures
- Deal Value Usd
- C$1.277 billion
- Reserves 2p mmbbl
- 850
- Rbl commitment cad
- 700000000
- Bridge facility cad
- 575000000
- Leverage ratio 2027e
- 1.7
- Synergies annual cad
- 30000000
- Production 2026e bbl d
- 34000
- Rights offering standby cad
- 575000000
AI analysis
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