Rift Oil sold to Talisman Energy for £114.8 million

On August 10, 2009, Rift Oil PLC (RIFT.LN), a London-based oil and gas exploration and production company, announced that the scheme of arrangement to implement its acquisition by Talisman Energy Holdings Ltd., a wholly owned subsidiary of Talisman Energy Inc., had become effective and that the acquisition had been completed. The total price of the acquisition was about £114.8 million.

Rift Oil was advised in this transaction by a team from Fasken Martineau led by David Smith and including, among others, Michael Kashis and Martin Ngwong.