Anatomy of an Oil & Gas Property Transaction
Article from: OGEL 4 (2004), in Roundup of Articles
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 ...