30 | Big Energy Deals
BIG ENERGY
DEALS
An update on the recent energy
transactions reported in Lexpert magazine
Compiled by Ahmad Hathout
BARRICK GOLD DIVESTS
BARRICK ENERGY
Closing date: July 31, 2013
Barrick Gold Corporation divested
Barrick Energy Inc. as part of a portfolio
optimization strategy. Barrick received
total consideration of approximately $455
million. The transactions consisted of: (i)
the sale of certain assets to Venturion Oil
Limited for consideration of approximately
$59 million; (ii) the sale of certain assets to
Whitecap Resources Inc. for consideration
of approximately $174 million; and
(iii) after giving effect to the asset sale
transactions, the sale of the shares of
Barrick Energy and its assets to Canadian
Natural Resources Limited (CNRL) for
consideration of approximately $173
million and a gross overriding royalty on
certain lands, with an estimated value of
approximately $50 million.
Barrick's legal team was led by David
Simpson, vice president and senior counsel,
and Dana Stringer, corporate counsel.
Lexpert®Ranked Lawyers
Richer La
Flèche, Erik
Stikeman Elliott LLP
(514) 397-3109
ericherlafleche@
stikeman.com
Mr. Richer La Flèche's
practice in Canada
and abroad extends to
energy, project finance,
social infrastructure,
rail, ports, roads
and mining. He has
completed mandates in
more than 35 countries
and is a member of
the Ontario and
Québec Bars.
Rodger, J. Mark
Borden Ladner
Gervais LLP
(416) 367-6190
mrodger@blg.com
Mr. Rodger's energy
markets practice
focuses on the
regulatory, corporate
and government
relations aspects of
infrastructure renewal
in the electricity,
natural gas and water
sectors. He represents
governments and
private interests.
Rogers, R. Ben
Blake, Cassels &
Graydon LLP
(403) 260-9702
ben.rogers@blakes.
com
Mr. Rogers acts for
energy companies on
commercial matters
across Canada and
internationally. He
has experience in
a range of matters,
including acquisitions
and divestitures,
M&As, joint ventures,
midstream matters and
project development.
Rosen, Hillel W.
Davies Ward Phillips
& Vineberg LLP
(514) 841-6443
hrosen@dwpv.com
Roth, Bernard J.
Dentons Canada LLP
(403) 268-6888
bernard.roth@
dentons.com
Roth, Robert R.
Dentons Canada LLP
(780) 423-7228
robert.roth@dentons.
com
Mr. Rosen's
transactional practice
embraces renewable
energy projects,
including structuring,
development and
construction of wind
energy projects.
Mr. Roth's
administrative law
practice focuses
on the construction
and operation of
unregulated electrical
transmission and
generation facilities,
upstream oil and gas
and oil sands facility
applications, and oil
and gas exporting
and permitting.
Mr. Roth advises
power generation,
transmission, oil
and gas and oilfield
service clients on
planning, structuring
and implementing
acquisition, divestiture
and mergers, project,
joint venture and
other commercial
agreements and
governance and policy.
