Date closed: 9/13/2016

Value: Undisclosed

On September 13, 2016, Lone Pine Resources Canada Ltd. and Arsenal Energy Inc. completed their business combination to form Prairie Provident Resources Inc.

The combination of Lone Pine and Arsenal's complementary assets creates an oil-weighted, growth oriented oil and gas company positioned to generate value with a strong balance sheet, attractive drilling prospects and significant financial and operational flexibility.

BLG represented Arsenal Energy Inc. with a team led by Donald Edwards that included Lindsay Holmes, Melissa Smith and David Madsen.