Galleon Energy Inc. Acquisition of ExAlta Energy Inc.

On January 16, 2008, Galleon Energy Inc. (“Galleon”) completed the acquisition of all of the outstanding common shares of ExAlta Energy Inc. (“ExAlta”) pursuant to a Plan of Arrangement, for total consideration of approximately $110 million. Galleon is a growth-oriented oil and gas company with focused operations in the Peace River area of Alberta.

Galleon was represented by Burnet, Duckworth & Palmer LLP with a team that included Steve Cohen, Spencer Coupland and Jacob Hoeppner (securities), Mark Houston and Stuart Money (oil & gas), Alicia Quesnel (competition), David Ross (tax) and Dan McDonald (litigation).

ExAlta was represented by Bennett Jones LLP with a team that included Will Osler, Kahlan Mills, Adam Rock and Olivia Dixon (securities), Beth Riley (competition), Scott Bodie (tax) and Tony Friend, QC, (litigation).


Anthony L. Friend Mark T. Houston Kahlan K. Mills Daniel J. McDonald David W. Ross Spencer M. Coupland Scott Bodie J. Stuart Money Adam T. Rock William S. Osler Alicia K. Quesnel


Burnet, Duckworth & Palmer LLP Bennett Jones LLP