APF Energy Trust, Calgary, has acquired Kinwest Resources Inc. and its joint-venture partner 987687 Alberta Ltd. for C$47.8 million, consisting of $13.4 million in cash and $34.4 million in units. APF will assume Kinwest's net debt of approximately $9.2 million, bringing the total deal value to C$57 million. Kinwest and 987687 Alberta produce approximately 2,000 BOE per day, primarily in APF's southeast Saskatchewan focus area. J.C. Anderson, former chairman of Anderson Exploration, which was acquired last year by Devon Energy Corp., Oklahoma City, is now chairman of a new firm Anderson Energy, which has raised C$80 million to explore in western Canada. Argonauts Group Ltd., Calgary, plans to acquire some producing properties in northwest Alberta and minor properties in Alberta for approximately C$75.8 million. Production is approximately 15.5 million cu. ft. of gas and 595 bbl. of liquids per day. Northrock Resources Ltd., Calgary, plans to acquire Corsair Exploration Inc., Calgary, for C$3 cash per share for a total deal value of approximately C$53.4 million including the assumption of approximately C$10.7 million in debt. Corsair's daily production averages 856 BOE, 70% liquids. Provident Energy Trust, Calgary, has acquired producing assets from a major Canadian independent for C$72 million, adding 9.5 million BOE of established reserves and daily production of approximately 3,600 BOE per day. Quintana Minerals Corp., Calgary, plans to acquire Spire Energy Ltd., Calgary, for approximately C$49.4 million, including assumed C$4.5 million of debt. Spire daily production, at year-end 2001, was 16.3 million cu. ft. of gas. Reserves totaled 26.3 billion cu. ft. of gas. High Point Energy, Calgary, plans to acquire Mesquite Exploration Ltd., Calgary, for approximately C$48.5 million, including C$19.5 million of assumed debt. Mesquite has daily production of 1,800 BOE, mostly liquids.
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