Nothing but negotiation

 
The Gap Partnership

Kallisto Energy plans Cumberland Oil acquisition

Kallisto Energy has entered into an acquisition agreement with Cumberland Oil.

17 August 2012

Business negotiations between Kallisto Energy and Cumberland Oil have resulted in an acquisition agreement.

Kallisto will be taking on all of Cumberland's outstanding common shares, with a resulting 65 per cent to 35 per cent split of ownership respectively between the two firms' shareholders of the pro forma company.

Both sets of directors supported the move, urging shareholders to approve the transaction.

According to Kallisto, the benefits for the combined firm will include a credit facility of $8.8 million (£5.6 million) for capital expenditure projects, a significant land base and various asset resources with near-term drilling prospects - such as the Cardium light oil deposits at Pembina.

Steven Cloutier and Martin Hislop, current directors of the board at Cumberland, are expected to take on new roles within the leadership structure of Kallisto.

The enterprises, which are both based in Calgary, said the acquisition will ensure "an exceptional opportunity to create substantial value for their respective companies and shareholders".

Posted by David Gleck

Source: Kallisto Energy press release, August 15th 

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more


July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more


April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more


February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more


December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more