Latest developmentabout 2 months ago
Tamarack Valley and Headwater Exploration Agree $7.2B Merger
The all-stock deal creates the largest publicly traded producer focused on Alberta's strategic Clearwater oil play.
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Tamboran Resources commenced initial gas sales from the Shenandoah South Pilot Project in the Northern Territory on September 7. On September 8, 80 Mile agreed to a £61.5 million takeover by Greenland Energy Company at a 46.7% premium. Additionally, Tamarack Valley and Headwater Exploration announced a $7.25 billion all-stock merger. This deal creates the largest publicly traded producer focused on Alberta's Clearwater oil play.
The all-stock deal creates the largest publicly traded producer focused on Alberta's strategic Clearwater oil play.
Read the full storyThe all-share merger offers 80 Mile shareholders a 46.7% premium to consolidate critical mineral and gas assets on the Nasdaq.
The company started initial gas sales from the Shenandoah South Pilot Project, marking a transition from exploration to production and revenue generation.