Eaglewood Energy to Undergo Lime Rock Transformation
May 21, 2014
Transform Exploration, which has been backed by Lime Rock Partners since 2012, has agreed to acquire Eaglewood Energy (TSX: EDW) for CA$0.38 in cash per share. The share price represents a 20% premium over the volume-weighted average trading price of Eaglewood's shares for the 30 trading days prior to the agreement. Eaglewood Energy is an international oil & gas exploration company which possesses exploration licenses in Papua New Guinea, as well as offices in Australia and Canada.