Mako Energy (ASX:MKE) - Appointment of Macquarie as Capital Advisor For Canadian Transactions
Sydney, Aug 16, 2011 AEST (ABN Newswire) - Mako Energy Limited (
ASX:MKE) and its joint venture partners, Transerv Energy Limited (ASX:TSV) and Kilgore Oil & Gas Ltd. (ASX:KOG), have engaged Macquarie Capital as advisor with respect to the potential farmout or other disposition of all or a portion of their Duvernay and Rock Creek mineral rights (West Central Alberta, Canada).
Macquarie has participated in nearly one-third of all Canadian upstream transactions involving a financial advisor since 2007, totaling approximately CAD $17 billion in value. The firm has played a significant role in the early stage development of other Canadian resource plays including the Montney, Horn River, the Cardium and the Viking. With leading merger, acquisition and divestiture technical expertise, regional experience and market intelligence, Macquarie is equipped to lead an effective and streamlined process to maximize value for Mako and its joint venture partners.
Macquarie has extensive technical and transactional experience in transactions involving the Rock Creek formation and is a leader in the developing Duvernay resource play, which is currently the subject of significant industry attention, including a new record for a single land sale in Alberta, Canada of CAD $749 million on 1 June 2011.
About Whitebark Energy Ltd
Whitebark Energy Limited (ASX:WBE) is a Perth-based company with production and exploration assets in Canada and Australia.
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