44 | Big Deals
Lexpert®Ranked Lawyers
Sadikman, Jacob
Osler, Hoskin &
Harcourt LLP
(416) 862-4931
jsadikman@osler.com
Mr. Sadikman's
practice focuses on
commercial aspects
of the electricity
sector, with a focus
on renewable energy
and related assets. His
practice also focuses
on regulatory aspects
of commodities and
derivatives trading and
marketplace matters.
Sanderson, QC,
Chris W.
Lawson Lundell LLP
(604) 631-9183
csanderson@
lawsonlundell.com
Mr. Sanderson focuses
on regulation and
government relations
as they relate to
project development
and transportation
infrastructure in the
energy and resource
sectors. Clients
include utilities,
pipelines, oil and gas
companies, mines and
governments.
Schweitzer,
Virginia K.
Fasken Martineau
DuMoulin LLP
(613) 696-6889
vschweitzer@fasken.
com
Ms. Schweitzer's
practice includes
corporate fi nance,
M&A, securities for
mining, energy and
technology clients.
She advises private
and publicly listed
clients in Canada
and internationally
on acquisitions,
investments and
joint ventures.
Saltzman, Jason A.
Dentons Canada LLP
(416) 863-4670
jason.saltzman@
dentons.com
Mr. Saltzman's
corporate fi nance and
securities practice
includes a focus on
cleantech, including
renewables, water
tech and ag tech. His
clients include issuers,
dealers and investors
on fi nancings ranging
from start-ups to public
offerings.
Schneider, Chad
Blake, Cassels &
Graydon LLP
(403) 260-9660
chad.schneider@
blakes.com
Mr. Schneider focuses
his corporate and
securities law practice
in the energy sector,
and in particular on
domestic and cross-
border M&A and equity
and debt fi nancings,
continuous disclosure,
governance, private
equity and general
corporate matters.
Scott, T.E. (Ted)
McMillan LLP
(416) 865-7183
ted.scott@mcmillan.ca
Mr. Scott's domestic
and cross-border
transactional practice
includes a focus on
energy. His experience
embraces M&A, PE,
corporate fi nance, JVs,
strategic alliances and
complex commercial
transactions. His clients
include companies
and FIs.
ENERGY INVESTMENTS
GLOBAL ACQUIRES HERITAGE OIL
Closing date: June 30, 2014
Energy Investment Global Ltd, a wholly owned subsidiary of
Al Mirqab Capital SPC of Qatar, took over Heritage Oil Plc.
The take-over, which was implemented by way of a Jer-
sey court sanctioned scheme of arrangement, valued Heri-
tage Oil at approximately $1.7 billion (£924m). Anthony
Buckingham, Heritage Oil's former CEO, retained a 20
per cent interest in Heritage Oil following completion of
the take-over.
Heritage Oil is an oil and gas production and exploration
company. Prior to completion of the take-over, Heritage Oil
was listed on the London Stock Exchange with a secondary
listing on the Toronto Stock Exchange.
Al Mirqab is an investment vehicle that is indirectly and
beneficially owned by Sheikh Hamad Bin Jassim Bin Jabor
Al Thani and his family in a private capacity.
McCarthy Tétrault LLP acted as Heritage Oil's English
and Canadian counsel with a team led by Rob Brant and
Greg Turnbull and including Sarah Landry Maltais, Peter
Goode, Lauri Pursall, Jeremy Cruse, Rob Nearing, Scott
Bergen, Matt Lawson, Richard Temple, Nadeem Kunwar,
Ibi Heinanen, Adam Wanke, Ashwin Sathyamoorthy and
Allan Reason.
Mourant Ozannes acted as Heritage Oil's Jersey counsel.
Mishcon de Reya acted as Al Mirqab's English counsel, and
Ogier acted as Al Mirqab's Jersey counsel.
Blake, Cassels & Graydon LLP acted as Al Mirqab's Ca-
nadian counsel with a team including David Glennie and
Jacky Sin.
LONG RUN EXPLORATION
ACQUIRES CROCOTTA ENERGY
Closing date: August 6, 2014
Long Run Exploration Ltd. acquired Crocotta Energy Inc.
pursuant to a plan of arrangement under the provisions of
the Business Corporations Act (Alberta).
The arrangement was approved by greater than a 99 per
cent majority of the Crocotta shareholders who voted on
the arrangement and by greater than a 99 per cent major-
ity of the Long Run shareholders who voted on the issuance
of the Long Run common shares in connection therewith.
The arrangement also received approval of the Court of
Queen's Bench of Alberta.
Pursuant to the arrangement, Long Run acquired all of
the issued and outstanding common shares of Crocotta.
Crocotta shareholders received a combination of Long Run
common shares as well as common shares and warrants of
a newly established Montney-focused exploration company
called Leucrotta Exploration Inc. to be led by Crocotta's
previous management team.
The assets excluded from Long Run's acquisition of Cro-
cotta consist of Crocotta's assets in northeast British Co-
lumbia and northwest Alberta, which were transferred to
Leucrotta in connection with the arrangement.
Under the arrangement, Long Run issued approximately
44 million common shares of Long Run and assumed $115
million of Crocotta net debt, inclusive of transaction costs.
The transaction implies a value of approximately $346 mil-
lion for Crocotta (excluding the assets transferred to Leu-
crotta). After giving effect to the arrangement, Long Run
has approximately 193 million common shares outstanding.
