Kereco Energy Acquires Chamaelo Exploration

On October 19, 2006 Kereco Energy Ltd. and Chamaelo Exploration Ltd. completed a plan of arrangement whereby Kereco acquired all the issued and outstanding common shares of Chamaelo for approximately $300 million. Kereco is a Canadian growth-oriented energy company engaged in the exploration, development and production of natural gas and crude oil.

Kereco was represented by Burnet, Duckworth & Palmer LLP with a team that included Grant Zawalsky, Shannon Gangl and Spencer Coupland (securities), Jeff Fortin (tax), Stuart Money (oil & gas) and Jody Wivcharuk (competition).

Chamaelo was represented by Gowling Lafleur Henderson LLP with a team that included Gregory Peterson, Jeffrey Dyck, Jimmi Duce and Erin Lee (securities), Bob McCue and Eugene Friess (tax), Edie Gillespie and Clark Schow (oil & gas) and Geoffrey Holub (court applications).