TingleMerrett LLP and MBP Partners are acting as legal counsel to Centaurus. Burnet, Duckworth & Palmer LLP is acting as legal counsel to Crown Point.
Crown Point Energy Inc. (TSXV: CWV), a Calgary-based oil and gas company with Argentine upstream conventional oil and gas assets, and Centaurus Energy Inc. (TSXV: CTA and OTCQB: CTARF), an independent, Canadian company focused on Argentine upstream oil and gas conventional and unconventional operations, have entered into a non-binding term sheet in which they propose to combine their businesses and create an operationally diversified, financially strong, Argentina-focused oil and gas, exploration and production company.
It is currently intended that the Proposed Transaction be a 60/40 combination in favour of Crown Point, subject to adjustment following due diligence.
The Combined Company would possess multiple conventional oil-producing assets, a marquee, in-production Vaca Muerta shale oil asset (Coiron Amargo Sur Este) and high-quality exploratory assets.
MBP Partners advsied Centaurus Energy Inc. in Argentina with a team including Victoria Bengochea (Picture), Ignacio Meggiolaro and Martina Caunedo.
Law Firms: MBP Partners;
Clients: Centaurus Energy Inc.;