• TRC Capital Corp. has made an unsolicited tender offer to purchase up to 10 million Imperial Oil Ltd., Toronto, common shares at C$34 each. Imperial did not recommend the offer to shareholders. • Alhambra Resources Ltd., Calgary, plans to purchase the assets of Signature Capital Corp. in an all-stock transaction. Signature, a private Alberta company, holds varying working interest and net revenue interest in approximately 2.75 sections of leases in the Garrington area of Alberta. The acquisition will add 17 bbl. of oil per day to Alhambra production. • Allied Oil & Gas Corp., Calgary, plans to purchase an oil producing property in the Fenn West area of southern Alberta from a large Canadian producer. Allied estimates the reserves to be 670,000 BOE on an established basis. • AltaCanada Energy Corp., Calgary, plans to acquire certain assets in AltaCanada's core east-central Alberta area from a private company for C$3.4 million. The deal is expected to increase daily production by 125 BOE. • Calgary-based ARC Energy Trust and Startech Energy Inc. have merged under the name ARC Resources Ltd. Startech securityholders received 0.96 of an ARC Energy Trust unit or 0.96 of an ARC Resources Ltd. exchangeable share per Startech. In addition, Startech securityholders received one Impact Energy Inc. common share per Startech. • Ascot Energy Resources Ltd., Calgary, has acquired certain properties in central and southeastern Alberta for C$8.8 million. The acquisition was financed through Ascot's credit facilities. Total proved reserves are estimated at 500,000 bbl. of oil and liquids and 4.3 billion cu. ft. of gas. • A Canadian Natural Resources Ltd. subsidiary has acquired the Pelican Lake property from PanCanadian Petroleum Ltd., Calgary. The property produces 5,000 bbl. of heavy oil and 4.7 million cu. ft. of gas per day, and includes approximately 67,000 acres in northern Alberta. • Danoil Energy Ltd., Calgary, plans to merge with Western Facilities Fund and Nevis Ltd. The trust will be named Acclaim Energy Trust and the combined operating company will be named Acclaim Energy Inc. CIBC World Markets Inc. is Danoil's financial advisor. National Bank Financial Inc. has been retained to provide advice on structuring, planning and implementation. • Del Roca Energy Ltd., Calgary, plans to acquire several nonoperated producing properties, comprising 90 bbl. of oil and 250,000 cu. ft. of gas per day of royalty production, from a junior producer for C$3.2 million. The properties include gross overriding gas interests in the Nixon area of northeast Alberta, and working interests in the Inga Unit No. 1, the Pembina northwest Cardium Unit No. 1, the Cynthia Cardium Unit No. 4 and the Pembina Bear Lake Cardium Unit No. 1. • Freehold Royalty Trust, Calgary, plans to acquire a package of southeast Saskatchewan producing and undeveloped mineral title and gross overriding royalty properties for C$27.6 million. The properties are the subject of a larger prior transaction between the vendor and Rife Resources Ltd., owner of Rife Resources Management Ltd. • Heartland Resources Inc., East River Point, Nova Scotia, plans to sell some assets to arm's-length parties, and will transfer remaining assets to a new entity. The assets consist of a 13.333% working interest in 480 acres of land and five producing oil wells in the north Handsworth area, working interests varying from 4.445% to 8.889% in 320 acres of land and three producing oil wells in the Storthoaks area, and a 9% working interest in 640 acres and one shut-in well in the Weir Hill area, Alberta. • Nu-Sky, Calgary, has acquired Revelation Energy Ltd. for 450,000 common shares and C$60,765 in cash. • Place Resources Corp., Calgary, and Star Oil & Gas Acquisition have merged. Place shareholders received one class A redeemable preferred share of the merged corporation for each common share of Place held. The merged corporation will become a subsidiary of Star Oil & Gas Ltd. • <$iCalpine Corp., > San Jose, Calif., plans to acquire Calgary-based <$iEncal Energy Ltd. > for US$1.2 billion of stock and assumed net debt. Calpine will gain approximately 1 trillion cu. ft. equivalent of proved and probable reserves, net of royalties, mostly gas. The deal also provides access to firm gas transportation capacity from western Canada to California and the eastern U.S., and a management team to lead Calpine's business expansion in Canada. Encal's assets produce 230 million cu. ft. of gas equivalent per day, net of royalties, increasing Calpine's net production to 390 million cu. ft. equivalent per day in North America. <$iGoldman, Sachs & Co. >, <$iScotia Capital Inc. > and <$iErnst & Young Corporate Finance Inc. > were financial advisors to Calpine. • <$iPrimeWest Energy Trust, > Calgary, plans to purchase <$iCypress Energy Inc., > Calgary, for C$14 per Cypress share up to C$60 million or 1.45 PrimeWest trust units. PrimeWest will assume all Cypress debt. The deal has a value of approximately C$790 million, including the pending <$iRanchero Energy Inc. > acquisition by Cypress, consisting of C$650 million in equity and C$140 million in assumed net debt. The Cypress properties are producing 18,200 BOE per day. Meanwhile, <$iCypress > is purchasing Ranchero for C$1.50 each or 0.1538 of a Cypress class A share. Ranchero shareholders will be entitled to cash or shares up to 1.1 million Cypress class A shares. Ranchero will sell certain assets, including in the Fox Creek and Provost areas, to fund the cash portion of the offer. The deals will make PrimeWest the largest gas-weighted royalty trust in Canada. • <$iPengrowth Energy Trust >, Calgary, plans to purchase an additional 45.5% working interest in the Kaybob Notikewan unit for C$25.2 million, increasing its ownership in the gas-producing property from 21% to 67%. The unit is 240 kilometers northwest of Edmonton, adjacent to Pengrowth's Judy Creek core area, and consists of 19 producing wells. The acquisition represents 2 million BOE of established reserves with an economic life of 49 years and an established reserve life index of 11.2 years. Separately, Pengrowth and two other companies plan to acquire <$iNova Scotia Resources Ltd., > Nova Scotia. Pengrowth is offering C$265 million, approximately 63% of the total C$420-million purchase price. It will acquire gas and gas-liquid reserves from NSRL's 8.4% interest in the Sable offshore energy project. <$iEmera Inc., > based in Nova Scotia, is acquiring NSRL's 8.4% interest in the Sable infrastructure assets, while <$iPanCanadian Petroleum Ltd. > is acquiring the remaining assets of NSRL, including interests in Cohassett and Panuke fields and discovery licenses. Pengrowth's 8.4% share will amount to 359.5 billion cu. ft. of gas equivalent comprised of 256 billion cu. ft. of gas and an additional 10 million BOE of gas liquids.