Cipher Exploration Overview
- Founded
- 2004
- Status
- Acquired/Merged
- Latest Deal Type
- M&A
- Latest Deal Amount
- $9.3M
Cipher Exploration General Information
Description
Provider of oil and natural gas exploration services. The company's key assets consist of heavy oil assets in the Ear Lake, Reward and Eagle Creek areas of Saskatchewan. At Ear Lake, it operates 11 producing wells (100% ownership) on 2,760 net acres of land. It also operates 19 wells (between 43% and 100% ownership) on 6,930 net acres of land in the Reward area. Cipher also holds a gross overriding royalty of 2.5% GORR in the Eagle Creek area. Collectively these properties are estimated to have further development potential of approximately 100 potential gross drilling locations.
Contact Information
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Industry
Energy Exploration
Acquirer
Primary Office
- 444 5 Avenue South West
- Suite 1200
- Calgary, Alberta T2P 2T8
- Canada
Cipher Exploration Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 2. Merger/Acquisition | 01-Mar-2007 | $9.3M | 00.00 | Completed | Generating Revenue | |
| 1. Early Stage VC | Completed | Generating Revenue |
Cipher Exploration Former Investors (1)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|---|---|---|---|---|
| SaskWorks | Venture Capital | Minority | 000 0000 | 000000 0 |