Highpine Oil & Gas Acquires Kick Energy

Highpine Oil & Gas Limited completed a plan of arrangement on August 1, 2006 whereby Highpine acquired Kick Energy Corporation for approximately $300 million. Upon completion of the arrangement, Highpine issued 14,830,840 class “A” common shares to the former shareholders of Kick and assumed bank debt of approximately $26 million. Highpine is a public oil and gas exploration company engaged in the exploration for, and the acquisition, development and production of natural gas and crude oil in Western Canada.

Highpine was represented by Burnet, Duckworth & Palmer LLP with a team that included Fred Davidson and James Kidd (securities); David Ross (tax); Gina Ross (employment) and Jody Wivcharuk (regulatory).

Kick was represented by Gowling Lafleur Henderson LLP with a team that included Jeffrey Dyck, Bennett Wong and Jason McCormick (securities); Alan Rautenberg (tax) and Geoffrey Holub (court applications).