Cadence changes following Barrick Acquisition

Cadence Energy Inc. announce that following the acquisition by Barrick Gold Corporation of over 94% of the common shares of Cadence, David Boone has been appointed as Cadence’s new Chief Executive Officer. Mr. Boone has more than 30 years of oil and gas industry operating experience. Prior to joining Cadence, he held the position of Chief Operating Officer and Executive Vice-President at PanCanadian... 

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Barrick Consolidates Sturgeon Lake Oil Assets

Barrick Gold Corporation announced that it has entered into a definitive agreement to purchase oil and gas assets representing production of approximately 900 barrels of oil equivalent (BOE) per day at Sturgeon Lake, Alberta, from Daylight Resources Trust for $87.5 million in cash. This transaction follows Barrick’s recent $410 million cash offer for Cadence Energy Inc. and complements the Company’s... 

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