representative work

Calima Energy Acquires Blackspur Oil


On April 30, 2021, Calima Energy Ltd. completed the $48.5 million acquisition of Blackspur Oil Corp. by way of plan of arrangement. Blackspur is a conventional oil and gas exploration and production company that operates primarily in the Brooks and Thorsby areas of Alberta. As part of the transaction, Calima guaranteed Blackspur’s new $25 million revolving credit facility.

Cassels acted as Canadian counsel to Calima.