Acquisitions And Dispositions

Recent Acquisitions and Dispositions

Storm Acquisition
ARC and Storm Exploration Inc. (“Storm”) announced June 9th they entered into an Arrangement Agreement whereby ARC will acquire all of the existing and outstanding common shares of Storm in a transaction valued at approximately $680 million (using ARC’s 30 day weighted average unit price of $20.75) and includes the issuance of approximately 28.4 million ARC units (including the issuance of exchangeable shares of ARC Resources Ltd., that may be exchanged for ARC units) plus the assumption of approximately $90 million of total debt after receipt of option proceeds and including transaction costs. The Arrangement is set to close August 17th.

ARC and Storm Acquisition Arrangement
Storm Information Circular
Receipt of Competition Act Approval
Shareholder Approval of Plan of Arrangement
Closing of Plan of Arrangement
Certificate of Almagamation

Tax information coming soon.

December 14th, 2009
ARC announces an agreement to purchase, directly and indirectly, all of the units of a general partnership formed to hold oil and gas assets in Ante Creek and other areas of northern Alberta for $180 million in cash consideration prior to normal closing adjustments. The acquisition will increase ARC’s current production by approximately 2,000 boe per day and its undeveloped land holdings by approximately 20 per cent while adding an estimated 12.6 million boe of proved plus probable reserves. To download a pdf version please click here.

To learn more please click here to download a PDF version of the acquisition news release.