M&As this week: Point Loma Resources, Zebra Holdings and Investments, Northwest Natural Gas Company

Canadian oil and gas company Point Loma Resources has entered an agreement to take over an oil and gas company for C$1.56m ($1.18m).

The target oil and gas company owns properties in east-central Alberta, Canada.

The acquisition will be funded by paying 5.192 million Point Loma common shares priced at C$0.3 ($0.24) a share.

The transaction is expected to strengthen Point Loma’s production capacity and its balance sheet.

Zebra Holdings and Investments Sarl (Zebra) has purchased 5.63% stake in ShaMaran Petroleum Corp for Skr82.86m ($9.32m).

The transaction involves the acquisition of 121 million shares of ShaMaran Petroleum. Zebra will own a 17.71% stake in ShaMaran Petroleum, upon completion of the transaction.

Zebra is a Luxembourgish investment holding company, while ShaMaran Petroleum is a Canadian oil and gas company.

The transaction will strengthen Zebra’s oil and gas investment portfolio.

Northwest Natural Gas Company (NW Natural) has entered an agreement to divest its Gill Ranch Storage to SENSA Holdings.

NW Natural is a natural gas distribution company, Gill Ranch Storage is a midstream company and SENSA Holdings is an eCorp Storage-led investment company.

All the companies involved in the transaction are based in the US.

The transaction will enable NW Natural to strengthen and support its business operations.

Rompetrol Bulgaria plans to purchase Synergon Petroleum from Synergon Holding.

Rompetrol and Synergon Petroleum are both fuel retailing companies, while Synergon Holding is a holding company.

All the companies involved in the transaction are based in Bulgaria.

The transaction is expected to strengthen Rompetrol’s fuel retailing business in Bulgaria.

Corvex Management has divested its stake in Energen Corporation to the Icahn Group.

Corvex executed the transaction through its funds Corvex Master Fund and Corvex Select Equity Master Fund.

Corvex Management is an employee-owned hedge fund sponsor, while Energen Corporation is an independent oil and gas exploration and production company.

The Icahn Group is a group of hedge funds comprising High River Limited Partnership, Icahn Partners and Icahn Partners Master Fund.

All the entities involved in the transaction are based in the US.

The transaction will strengthen Icahn Group’s investment opportunities.