The company secured the interest in the Cypress A Assets from Talisman Energy.
The deal was subject to various suspensive conditions which are now closed.
The final aggregate consideration amounts to C$1.03bn ($1.06bn) and comprises an initial purchase price for the Cypress A Assets of C$246 m ($253.8m), which was paid in cash on the closing date.
A total of C$788m ($813.2) was given in the form of a commitment to fund 75% of Talisman’s 50% portion of certain future development costs to further develop both the Farrell Creek and Cypress A Assets in terms of a joint development plan.
