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Cipher Exploration

2004 FOUNDED
M&A STATUS
M&A LATEST DEAL TYPE
$9.3M LATEST DEAL AMOUNT
Description

Provider of oil and natural gas exploration services. The company's key assets consist of heavy oil assets in the Ear Lake, Reward and Eagle Creek areas of Saskatchewan. At Ear Lake, it operates 11 producing wells (100% ownership) on 2,760 net acres of land. It also operates 19 wells (between 43% and 100% ownership) on 6,930 net acres of land in the Reward area. Cipher also holds a gross overriding royalty of 2.5% GORR in the Eagle Creek area. Collectively these properties are estimated to have further development potential of approximately 100 potential gross drilling locations.

Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Industry
Energy Exploration
Primary Office
  • 444 5 Avenue South West
  • Suite 1200
  • Calgary, Alberta T2P 2T8
  • Canada
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Cipher Exploration Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
2. Merger/Acquisition 01-Mar-2007 $9.3M 00.00 Completed Generating Revenue
1. Early Stage VC Completed Generating Revenue
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Cipher Exploration Former Investors (1)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
SaskWorks Venture Capital Minority 000 0000 000000 0