{"id":5509,"date":"2018-04-16T08:29:43","date_gmt":"2018-04-16T12:29:43","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=a7064e29e44154c80b5b52434bce1086"},"modified":"2018-04-16T08:29:43","modified_gmt":"2018-04-16T12:29:43","slug":"vermilion-energy-to-buy-spartan-energy-in-deal-valued-at-1-4-billion","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/04\/16\/vermilion-energy-to-buy-spartan-energy-in-deal-valued-at-1-4-billion\/","title":{"rendered":"Vermilion Energy to buy Spartan Energy in deal valued at $1.4 billion"},"content":{"rendered":"<p>CALGARY \u2014 Vermilion Energy Inc. has signed a deal to acquire Spartan Energy Corp.<\/p>\n<p>Under the agreement, investors will receive 0.1476 of a Vermilion share for each Spartan share they hold.<\/p>\n<p>The offer implies a value of $6.50 per Spartan share, based on Vermilion&#8217;s closing share price Friday of $44.04. Spartan shares closed at $6.19 on Friday.<\/p>\n<p>The companies said the deal values Spartan at $1.4 billion after accounting for assumed debt and transaction costs.<\/p>\n<p>Calgary-based Spartan has operations in central Alberta and in southeast Saskatchewan.<\/p>\n<p>Its current production is approximately 23,000 barrels of oil equivalent per day and its proven plus probable reserves as of Dec. 31, 2017, were 113.5 million barrels of oil equivalent.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under the agreement, investors will receive 0.1476 of a Vermilion share for each Spartan share they hold<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/5509"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=5509"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/5509\/revisions"}],"predecessor-version":[{"id":5510,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/5509\/revisions\/5510"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=5509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=5509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=5509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}