OIL COMPANY - ASSESSING THE TARGET
The acquisition process is a tedious and highly involved process, that begins with an assessment of the target petroleum company. The assessment serves to determine whether the proposed acquisition should be pursued, at what price point, how that price is to be adjusted given the emergence of new factors, how those factors can be addressed and how the transaction should proceed.
The business assessment will also assist in ascertaining potential synergies and upside advancements that may be realized from the acquisition. This will enable your company to determine the value of proceeding with the transaction, and maximizing the financial return realizable therefrom.
As such, making your assessment of the particular energy company is critical to the entire acquisition process. And it needs to be thorough, such that your team is capable of unearthing important information, which may not be readily apparent. Yet it is not simply the information that matters, but also how it is interpreted and put to use in developing your acquisition strategy and implementing it through the corporate buy.
As such, when your company is looking to undertake an oil acquisition or merger, you should be looking to the legal and advisory services of Neufeld Legal P.C. With our primary emphasis on mergers and acquisitions into the Alberta oil basin, on both a national and international level, but also providing important legal counsel for oil acquisitions by Canadian and American corporations overseas, Neufeld Legal P.C. is your source for assertive and knowledgeable legal and consultative advice. Contact us at Chris@NeufeldLegal.com or 403-400-4092.
Significant Oil & Gas Legislation
Oil Sands Conservation Act
Purposes of the Act
3 The purposes of this Act are
(a) to effect conservation and prevent waste of the oil sands resources of Alberta,
(b) to ensure orderly, efficient and economical development in the public interest of the oil sands resources of Alberta,
(c) to provide for the appraisal of Alberta’s oil sands resources,
(d) to provide for appraisals of oil sands, crude bitumen, derivatives of crude bitumen and oil sands product requirements in Alberta and in markets outside Alberta,
(e) to assist the Government in controlling pollution in the development and production of the oil sands resources of
(f) to provide for the recording and for the timely and useful dissemination of information regarding the oil sands resources of Alberta, and
(g) to ensure the observance, in the public interest, of safe and efficient practices in the exploration for and the recovery, storing, processing and transporting of oil sands, discard, crude bitumen, derivatives of crude bitumen and oil sands
* For the full statute, please click on this link. Nothing should be read in the abstract and specific legal advice is always recommended.