Introduction

The business environment for oil and gas property acquisitions in Western Canada has never been more competitive than it is today. Consequently, ensuring that all elements of a transaction are fully understood is critical to winning bids and ensuring that the transaction meets expectations. The conduct of due diligence in connection with a property acquisition is one way of obtaining that understanding. Due diligence is not limited to simply a review of the vendor's ownership of the assets or the conduct of corporate, courthouse and like searches in respect of the vendor, but can ...