Deal is done for Cirrus

By

 15 April 2011 01:29 GMT

Netherlands-based Oranje-Nassau Energie has completed its $102 million acquisition of Toronto-listed junior Cirrus Energy.

Commenting on the deal, Alexander Berger, the privately-­owned Dutch player’s chief executive, said: “Our plan for integrating Cirrus is well advanced and we look forward to benefiting from the operating capability that the acquisition brings.”

Berger added: “Cirrus immediately enhances our production profile and adds attractive development opportunities, plus exploration upside to our developed asset base.”

Cirrus’ portfolio is dominated by producing and developing gas fields off the Netherlands but also includes some UK interests.

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