Suroco Energy Inc. (SRN) - Oil & Gas - Deals and Alliances Profile

 Published On: Nov, 2014 |    No of Pages: 57 |  Published By: GlobalData | Format: PDF
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Summary

Suroco Energy Inc. (Suroco) is a Calgary based international oil and gas company. The company identifies, evaluates, acquires, explores, develops and produces oil and natural gas in Canada and Colombia. At present, the company carries out its operations through its wholly owned subsidiary, SUROCO ENERGY S.L.U. (SES). Further SES operates through three subsidiaries namely, NCT P&G CORP, SUROCO ENERGY VENEZUELA, C.A. and SESís Colombian branch, Suroco Energy S.L.U. Sucursal Colombia. The company holds through its subsidiaries, interests in the Suroriente Block (15.8% Participating Interest), the Hato Nuevo Field 9.9%, the Alea 1848-A Block (50% Participating Interest), the Alea 1947-C Block (49.5% Participating Interest) and the San Antonio Block (28% Private Participating Interest) in Colombia. The company principally carries out its operations in Canada and Colombia. Suroco is headquartered in Calgary, Alberta, Canada.

Suroco Energy Inc. (SRN) - Oil & Gas - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Oil & Gas eTrack deals database, and primary and secondary research.

Scope

- Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.
- Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.
- Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.
- Deals by Region - Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.
- Deals by Sub-sector - Chart and table showing information on the number of deals and value reported by the company, by sub-sector.
- Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Companyís (major public companies) key financial metrics and ratios.
- Business Description - A brief description of the company's operations.
- Key Employees - A list of the key executives of the company.
- Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.
- Key Competitors - A list of the key competitors of the company.
- Key Recent Developments - A brief on recent news about the company.

Reasons to Buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy
- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the companyís operations to identify potential customers and suppliers.
- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company
- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Table of Contents

Table of Contents 2
List of Tables 4
List of Figures 5
Suroco Energy Inc., Oil & Gas, Deals By Year, 2008 to YTD 2014 6
Suroco Energy Inc., Oil & Gas Deals By Type, 2008 to YTD 2014 7
Suroco Energy Inc., Oil & Gas, Deals By Region, 2008 to YTD 2014 8
Suroco Energy Inc., Oil & Gas, Deals By Sector, 2008 to YTD 2014 9
Suroco Energy Inc., Oil & Gas, Deals Summary, 2008 to YTD 2014 10
Suroco Energy Inc., Oil & Gas, Deal Details 11
Asset Purchase 11
Suroco Energy Completes Acquisition Of 50% Interest In Putumayo-7 Block In Colombia From Petro Caribbean 11
Suroco Energy To Acquire 25% Interest In PUT-2 Block In Caguan-Putumayo Basin, Colombia From PetroNova Colombia 12
Suroco Energy To Acquire Additional 25% Interest In Alea 1947C Block In Colombia From Vetra Exploracion & Produccion 13
Suroco Energy Acquires 28% Working Interest In The Llanos Block 33 in Colombia 14
Suroco Energy Acquires Suroriente Block And Arjona Field From Alentar Holdings 15
Equity Offering 16
Suroco Energy Completes Private Placement To US$12.6 Million 16
Suroco Energy Completes Private Placement Of US$6 Million 18
Suroco Energy Completes Final Tranche Of Non-Brokered Private Placement Of US$1.9 Million 20
Asset Transactions 22
Suroco Energy Sells Its Non-Core Assets In Colombia 22
Suroco Energy To Sell Oil & Gas Properties In Hardin Field Texas 23
Acquisition 24
Petroamerica Oil Completes Acquisition Of Suroco Energy For US$100 Million 24
Suroco Energy Acquires NCT Corporacion Petrolera Latinoamericana 26
Suroco Energy Inc. - Key Competitors 27
Key Employees 28
Locations And Subsidiaries 29
Head Office 29
Other Locations & Subsidiaries 29
Recent Developments 30
Recent Discoveries 30
Feb 25, 2013: Suroco Energy Encounters 24ft Of Net Oil Pay At Cohembi-6 Well In Suroriente Block, Colombia 30
Drilling and Production Updates 31
Jan 20, 2014: Suroco Energy Provides Update on Suroriente Block Drilling Activity 31
Jan 03, 2014: Suroco Energy Provides Update on Putumayo Drilling 32
Dec 17, 2013: Suroco Energy Provides Update on Suroriente Block Drilling Activity 33
Oct 29, 2013: Suroco Commences Exploration Drilling In Putumayo 2 Block And Provides Operational Update 34
Aug 27, 2013: Suroco Energy Announces Successful Stepout Well and Provides Notification of Suspension of Operations Due to Road Blockages 35
Jul 22, 2013: Suroco Energy Announces Record Production for Second Quarter and Provides Update of Suroriente Block Activity 36
Feb 25, 2013: Suroco Energy Spuds Cohembi-9 Well At Suroriente Block In Colombia 37
Financial Announcements 38
Jun 24, 2014: VETRA Increases All Cash Offer for Suroco Energy Inc. to $0.83 per Common Share 38
May 29, 2014: Suroco Energy Announces Filing of First Quarter Financial Statements and MD&A 39
Nov 25, 2013: Suroco Energy Announces Filing of Third Quarter Financial Statements and MD&A 40
Aug 22, 2013: Suroco Energy Announces Filing of Second Quarter Financial Statements and MD&A 41
May 27, 2013: Suroco Energy Reports Revenue Of US$10 Million In Q1 2013 42
Apr 25, 2013: Suroco Energy Reports Revenue Of US$52.2 Million In 2012 43
Other Significant Developments 44
Jun 27, 2014: Petroamerica Reaffirms Its Final $0.80 Offer for Suroco Energy and Highlights the Risks and Uncertainties of the Vetra Hostile Offer 44
May 23, 2014: Suroco Energy Announces Acquisition of Interest in the Putumayo 7 Block and Commences Drilling the Quinde-7 Well 46
Mar 24, 2014: Suroco Energy Forecasts A 71% Increase in Production With 2014 Program and Updates Operational Activities in Colombia 47
Mar 04, 2014: Suroco Energy Announces 34% Increase in Proved Producing Reserves for 2013 49
Jan 30, 2014: Suroco Energy Announces Amendment to Credit Facility With Macquarie Bank Limited to Provide for an Additional US$10 Million in Available Funds 51
Oct 02, 2013: Suroco Energy Provides Update of Suroriente Block Activity 52
May 08, 2013: Suroco Energy Provides Update Of Cohembi Drilling Activities And Suroriente Block Production 53
Mar 15, 2013: Suroco Energy Announces US$21 Million Credit Facility 54
Mar 15, 2013: Suroco Energy Provides Update On Colombia Operations 55
Feb 27, 2013: Suroco Energy Announces 81% Increase In 1P Reserves For 2012 56
Appendix 57
Methodology 57
About GlobalData 57
Contact Us 57
Disclaimer 57

List of Tables

Suroco Energy Inc., Oil & Gas, Key Facts, 2013 1
Suroco Energy Inc., Oil & Gas, Deals Summary, 2008 to YTD 2014 1
Suroco Energy Inc., Oil & Gas, Deals By Year, 2008 to YTD 2014 6
Suroco Energy Inc., Oil & Gas Deals By Type, 2008 to YTD 2014 7
Suroco Energy Inc., Oil & Gas, Deals By Region, 2008 to YTD 2014 8
Suroco Energy Inc., Deals By Sector, 2008 to YTD 2014 9
Suroco Energy Inc., Oil & Gas, Deals Summary, 2008 to YTD 2014 10
Suroco Energy Completes Acquisition Of 50% Interest In Putumayo-7 Block In Colombia From Petro Caribbean 11
Suroco Energy To Acquire 25% Interest In PUT-2 Block In Caguan-Putumayo Basin, Colombia From PetroNova Colombia 12
Suroco Energy To Acquire Additional 25% Interest In Alea 1947C Block In Colombia From Vetra Exploracion & Produccion 13
Suroco Energy Acquires 28% Working Interest In The Llanos Block 33 in Colombia 14
Suroco Energy Acquires Suroriente Block And Arjona Field From Alentar Holdings 15
Suroco Energy Completes Private Placement To US$12.6 Million 16
Suroco Energy Completes Private Placement Of US$6 Million 18
Suroco Energy Completes Final Tranche Of Non-Brokered Private Placement Of US$1.9 Million 20
Suroco Energy Sells Its Non-Core Assets In Colombia 22
Suroco Energy To Sell Oil & Gas Properties In Hardin Field Texas 23
Petroamerica Oil Completes Acquisition Of Suroco Energy For US$100 Million 24
Suroco Energy Acquires NCT Corporacion Petrolera Latinoamericana 26
Suroco Energy Inc., Key Competitors 27
Suroco Energy Inc., Key Employees 28
Suroco Energy Inc., Subsidiaries 29

List of Figures

Suroco Energy Inc., Oil & Gas, Deals by Type, 2008 to YTD 2014 1
Suroco Energy Inc., Oil & Gas, Deals By Year, 2008 to YTD 2014 1
Suroco Energy Inc., Oil & Gas, Deals By Region, 2008 to YTD 2014 1
Suroco Energy Inc., Oil & Gas, Deals By Sector, 2008 to YTD 2014 1
Suroco Energy Inc., Oil & Gas, Deals By Year, 2008 to YTD 2014 6
Suroco Energy Inc., Oil & Gas, Deals by Type, 2008 to YTD 2014 7
Suroco Energy Inc., Oil & Gas, Deals By Region, 2008 to YTD 2014 8
Suroco Energy Inc., Oil & Gas, Deals by Sector, 2008 to YTD 2014 9


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