Verano Energy Ltd.: Investor & Strategic Advisor

$230,000,000

Verano Energy Ltd was a private E&P company whose light oil assets were located in the Llanos Basin of Colombia. Verano management had done an excellent job of focusing the Company in an active part of the basin and they were executing an exploration programme that had yielded some impressive early results. As such, Verano was a target for larger competitors. KES 7 Capital Inc. acted as a strategic advisor to the Company in its sale to Parex Resources Inc. in May, 2014. The transaction was valued at approximately $230 million and comprised a combination of cash and stock.

Parex Announces Strategic Acquisition of Verano to Consolidate its Working Interest in Southern Llanos Blocks LLA-32 and LLA-34
Press release