On July 31, 2018, Aspenleaf Energy Limited (“Aspenleaf”) completed its acquisition of NEP Canada ULC (“NEP Canada”), a private, light oil producer with operations focused in the Leduc/Woodbend region. The acquisition combines two central Alberta based assets that are geographically and geologically complementary to create an opportunity rich, high netback, light oil based entity. Aspenleaf financed the majority of the NEP Canada acquisition with equity, comprised of previously committed equity and additional equity financing from its existing shareholders.
Aspenleaf is a private oil and gas company that is focused on the acquisition and exploitation of light oil assets in Western Canada.
Osler, Hoskin and Harcourt LLP represented Aspenleaf with a team led by Neal Ross (Corporate) that included, Justin Sherman (Securities); Paula Olexiuk (Energy); Lorne Carson and Dana Saric (Corporate Lending); and Shuli Rodal and Jaime Auron (Competition).